Iamgold profit falls on lower metal prices, lower sales volumes
Feb 20 (Reuters) - Iamgold Corp reported a 37 percent decrease in quarterly net profit on Wednesday due to lower metal prices and lower sales volumes.
Net earnings from continuing operations attributable to equity holders fell to $84.6 million, or 22 cents per share, in the fourth quarter from $133.6 million, or 36 cents per share, a year earlier.
Adjusted to remove one-time items, earnings were $90.3 million, or 24 cents a share. Analysts, on average, had expected earnings of 25 cents a share, according to Thomson Reuters I/B/E/S.
Revenue fell 3 percent to $468.4 million.
- U.S. immigration protesters drop U.S. border blockade plan
- UK's Cameron shifts tack on constitutional shake-up to mollify Scots
- Exclusive: Angry with Washington, 1 in 4 Americans open to secession
- Islamic State closes in on Syrian town, refugees flood into Turkey |
- Selling Mitch McConnell: What's love got to do with it?