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New Gold: 4Q Earnings Snapshot

TORONTO (AP) _ New Gold Inc. (NGD) on Thursday reported a loss of $728.4 million in its fourth quarter.

On a per-share basis, the Toronto-based company said it had a loss of $1.26. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 4 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The gold mining company posted revenue of $157.4 million in the period.

For the year, the company reported that its loss widened to $1.23 billion, or $2.12 per share. Revenue was reported as $604.5 million.

The company's shares closed at $1.21. A year ago, they were trading at $2.64.


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