VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — First Quantum Minerals Ltd. (FQVLF) on Tuesday reported fourth-quarter net income of $25 million.
On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 3 cents. Earnings, adjusted for non-recurring gains, came to 1 cent per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The metal and minerals mining company posted revenue of $1.48 billion in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.38 billion.
For the year, the company reported a loss of $28 million, or 3 cents per share. Revenue was reported as $5.24 billion.
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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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