Goldcorp Q4 Production Notches Record, but EPS Misses
Goldcorp couldn't quite meet analyst EPS projections, despite posting a quarter and a fiscal year that set records. The company unveiled its Q4 and fiscal 2013 results, reporting that its gold production reached an all-time quarterly record of just under 769,000 ounces. Adjusted revenues for the period, however, fell to $1.2 billion, from the $1.4 billion in the same quarter the previous year. Adjusted net income landed at $74 million ($0.09 per share), against Q4 2012's $465 million ($0.57).
Analysts had been expecting revenue of $1.2 billion and EPS of $0.23.
For the full year, adjusted top line came in at $4.7 billion, while adjusted net was $634 million ($0.78 per share). Gold production for the year notched an annual record at 2.7 million ounces.
Goldcorp also proffered operational guidance for 2014. It believes it will see a 13% to 18% annual increase in gold production to 3.0 to 3.15 million ounces, which would set a new all-time high.
The article Goldcorp Q4 Production Notches Record, but EPS Misses originally appeared on Fool.com.
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