Thursday, May 10, 2007

UPDATE 1-Lundin profit soars, but misses target

(Reuters) - Lundin, which made takeover offers for two smaller miners last month, earned $53.7 million, or 19 cents per share diluted, for the quarter ended March 31. That is up from $21.5 million, or 17 cents per share, in the year-before period.

Analysts polled by Reuters had expected, on average, profit of 35 cents per share.


Read more at Reuters.com Market News

No comments: