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Eldorado Gold misses 1Q profit forecasts

VANCOUVER, British Columbia (AP) _ Eldorado Gold Corp. (EGO) on Thursday reported first-quarter net income of $3.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 1 cent.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The gold mining company posted revenue of $111.9 million in the period.

In the final minutes of trading on Thursday, the company's shares hit $3.38. A year ago, they were trading at $3.88.


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


Keywords: Eldorado Gold, Earnings Report