TORONTO (AP) — TORONTO (AP) — HudBay Minerals Inc. (HBM) on Friday reported fourth-quarter net income of $30.7 million.

On a per-share basis, the Toronto-based company said it had profit of 10 cents. Earnings, adjusted for non-recurring costs, were 20 cents per share.

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The mining company posted revenue of $602.2 million in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $528.2 million.

For the year, the company reported profit of $66.4 million, or 22 cents per share. Revenue was reported as $1.69 billion.

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