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Cardero: Fiscal 4Q Earnings Snapshot

VANCOUVER, British Columbia (AP) _ Cardero Resource Corp. (CDYCF) on Wednesday reported fiscal fourth-quarter net income of $94,000, after reporting a loss in the same period a year earlier.

The Vancouver, British Columbia-based company said it had profit of less than 1 cent on a per-share basis.

For the year, the company reported a loss of $2 million, or 2 cents per share, swinging to a loss in the period.

In the final minutes of trading on Wednesday, the company's shares hit 2 cents. A year ago, they were trading at 4 cents.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDYCF at https://www.zacks.com/ap/CDYCF