Eldorado Gold beats 3Q profit forecasts VANCOUVER, British Columbia (AP) _ Eldorado Gold Corp. (EGO) on Thursday reported third-quarter net income of $21.9 million, after reporting a loss in the same period a year earlier.
The Vancouver, British Columbia-based company said it had profit of 3 cents per share. Earnings, adjusted for one-time gains and costs, were 5 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The gold mining company posted revenue of $116.2 million in the period.
In the final minutes of trading on Thursday, the company's shares hit $3.33. A year ago, they were trading at $4.