TORONTO (AP) — TORONTO (AP) — First Quantum Minerals Ltd. (FQVLF) on Tuesday reported a loss of $159 million in its first quarter.
The Toronto-based company said it had a loss of 21 cents per share. Losses, adjusted for non-recurring costs, came to 20 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The metal and minerals mining company posted revenue of $1.04 billion in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $931.3 million.
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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 FQVLF at https://www.zacks.com/ap/FQVLF
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