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.Eric Volkman has no position in Goldcorp. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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