TORONTO (AP) _ New Gold Inc. (NGD) on Wednesday reported first-quarter net income of $15.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Toronto-based company said it had net income of 2 cents. Earnings, adjusted for non-recurring gains, came to 1 cent per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The gold mining company posted revenue of $164.9 million in the period.

The company’s shares closed at $1.70. A year ago, they were trading at 86 cents.

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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 NGD at https://www.zacks.com/ap/NGD