Eldorado Gold reports 4th-quarter loss of $1.24 billion | iNFOnews | Thompson-Okanagan's News Source

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Eldorado Gold reports 4th-quarter loss of $1.24 billion

March 23, 2016 - 3:27 PM

VANCOUVER - VANCOUVER, British Columbia (AP) _ Eldorado Gold Corp. (EGO) on Wednesday reported a fourth-quarter loss of $1.24 billion, after reporting a profit in the same period a year earlier.

On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of $1.73. Losses, adjusted for asset impairment costs, came to 3 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The gold mining company posted revenue of $199.3 million in the period.

For the year, the company reported a loss of $1.54 billion, or $2.15 per share, swinging to a loss in the period. Revenue was reported as $863.3 million.

In the final minutes of trading on Wednesday, the company's shares hit $3.14. A year ago, they were trading at $5.07.

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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 EGO at http://www.zacks.com/ap/EGO

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Keywords: Eldorado Gold, Earnings Report

News from © The Associated Press, 2016
The Associated Press

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