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Eldorado Gold posts 1Q loss of $2.5 million, result tops expectations

VANCOUVER – VANCOUVER, British Columbia (AP) _ Eldorado Gold Corp. (EGO) on Wednesday reported a loss of $2.5 million in its first quarter.

On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of less than 1 cent.

The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The gold mining company posted revenue of $164.1 million in the period.

In the final minutes of trading on Wednesday, the company’s shares hit $4.80. A year ago, they were trading at $5.06.

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

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Keywords: Eldorado Gold, Earnings Report