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TORONTO (AP) — TORONTO (AP) — First Quantum Minerals Ltd. (FQVLF) on Tuesday reported fourth-quarter profit of $99 million.
The Toronto-based company said it had profit of 12 cents per share. Earnings, adjusted for non-recurring gains, came to 4 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The metal and minerals mining company posted revenue of $1.26 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.15 billion.
For the year, the company reported profit of $2 million. Revenue was reported as $4.8 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