Kirkland Lake Gold: Q1 Earnings Snapshot
TORONTO (AP) _ Kirkland Lake Gold Ltd. (KL) on Thursday reported first-quarter profit of $161.2 million.
The Toronto-based company said it had net income of 59 cents per share. Earnings, adjusted for non-recurring costs, were 63 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The gold producer posted revenue of $551.8 million in the period.
Kirkland Lake Gold shares have fallen 7% since the beginning of the year. The stock has dropped 11% in the last 12 months.