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Alamos Gold posts 1Q profit of $9.7 million, result misses forecasts

TORONTO – TORONTO (AP) _ Alamos Gold Inc. (AGI) on Thursday reported first-quarter earnings of $9.7 million.

On a per-share basis, the Toronto-based company said it had profit of 4 cents. Losses, adjusted for non-recurring gains, came to 3 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The gold mining company posted revenue of $104.3 million in the period.

Alamos Gold shares have more than doubled since the beginning of the year. The stock has fallen slightly more than 2 per cent in the last 12 months.

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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 AGI at http://www.zacks.com/ap/AGI

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Keywords: Alamos Gold, Earnings Report