Goldcorp adjusted profit down on lower sales

Thu Feb 14, 2013 6:09pm EST
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Feb 14 (Reuters) - Goldcorp Inc reported a 12 percent drop in adjusted profit on Thursday, as revenues fell on lower gold sales.

Adjusted to remove one-time items, profit was $465 million, or 57 cents a share, in the quarter ended December 31 compared with $531 million, or 66 cents a share in the year-ago quarter.

Net earnings were $504 million, or $62 cents a share, compared with $405 million, or 50 cents a share, in the year-earlier period.

Revenue fell 5 percent to $1.4 billion on lower gold sales.