U.S. Markets closed

Cardero posts 1Q profit

VANCOUVER, British Columbia (AP) _ Cardero Resource Corp. (CDYCF) on Wednesday reported fiscal first-quarter net income of $615,000, after reporting a loss in the same period a year earlier.

The Vancouver, British Columbia-based company said it had profit of 2 cents per share.

In the final minutes of trading on Wednesday, the company's shares hit 9 cents. A year ago, they were trading at 6 cents.

_____

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

_____

Keywords: Cardero, Earnings Report