TORONTO (AP) _ Barrick Gold Corp. (GOLD) on Wednesday reported first-quarter profit of $111 million.
The Toronto-based company said it had profit of 6 cents per share. Earnings, adjusted for non-recurring costs, came to 11 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The gold and copper mining company posted revenue of $2.09 billion in the period.
Barrick Gold shares have decreased 6% since the beginning of the year. The stock has declined almost 5% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOLD at https://www.zacks.com/ap/GOLD
Automated Insights, source Associated Press News