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Iamgold: Q1 Earnings Snapshot

May 3, 2021 GMT

TORONTO (AP) _ Iamgold Corp. (IAG) on Monday reported first-quarter net income of $19.5 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Toronto-based company said it had net income of 4 cents. Earnings, adjusted for non-recurring gains, came to 1 cent per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The gold and niobium mining company posted revenue of $297.4 million in the period.

In the final minutes of trading on Monday, the company’s shares hit $3.31. A year ago, they were trading at $3.63.

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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 IAG at https://www.zacks.com/ap/IAG