Barrick Gold: 4Q Earnings Snapshot
TORONTO (AP) _ Barrick Gold Corp. (GOLD) on Wednesday reported fourth-quarter net income of $1.39 billion, after reporting a loss in the same period a year earlier.
The Toronto-based company said it had net income of 78 cents per share. Earnings, adjusted for non-recurring gains, were 17 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The gold and copper mining company posted revenue of $2.88 billion in the period.
For the year, the company reported net income of $3.97 billion, or $2.26 per share, swinging to a profit in the period. Revenue was reported as $9.72 billion.
Barrick Gold shares have dropped nearly 2% since the beginning of the year. The stock has climbed 36% in the last 12 months.