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Kirkland Lake Gold: 1Q Earnings Snapshot

TORONTO (AP) _ Kirkland Lake Gold Ltd. (KL) on Tuesday reported first-quarter earnings of $110.1 million.

On a per-share basis, the Toronto-based company said it had net income of 52 cents. Earnings, adjusted for non-recurring costs, were 53 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The gold producer posted revenue of $304.9 million in the period.

Kirkland Lake Gold shares have climbed 18% since the beginning of the year. The stock has risen 65% in the last 12 months.


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