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Turquoise Hill Resources posts 1st-quarter profit of $118.9 million

VANCOUVER – VANCOUVER, British Columbia (AP) _ Turquoise Hill Resources Ltd. (TRQ) on Thursday reported first-quarter net income of $118.9 million.

On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 6 cents.

The metal and coal mining company posted revenue of $422.7 million in the period.

In the final minutes of trading on Thursday, the company’s shares hit $2.67. A year ago, they were trading at $4.39.

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

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Keywords: Turquoise Hill Resources, Earnings Report