July 30, 2009 (FinancialWire) – Goldcorp Inc. (TSX: G) reported second-quarter net loss of $231.6 million U.S. or $0.32 U.S. per share, compared to a loss of $9.2 million U.S. or $0.01 U.S. per share in the same quarter of last year. Adjusted net earnings totaled $99.2 million U.S., or $0.14 U.S. per share, compared to $83.2 million U.S. or $0.12 U.S. per share, in the second quarter of 2008. Analysts polled by Thomson Reuters expected the company to report earnings of $0.15 U.S. per share. Analysts’ estimates typically exclude special items. Adjusted net earnings primarily exclude the effect of a non-cash foreign exchange loss on revaluation of future income tax liabilities, but include the impact of non-cash stock option expenses, which amounted to approximately $0.02 per share for the quarter. Operating cash flow before non-cash working capital adjustments increased 22% to $276.6 million, from $226.3 million in last year’s second quarter. Revenues for the quarter were $628.6 million U.S., compared to $631.7 million U.S. in the prior year quarter. Four analysts had consensus revenue estimate of $574.91 million U.S. for the quarter. Goldcorp Inc. shares were up $0.88 at $39.43.

Source: Courtesy of BayStreet.ca’s proprietary “Stocks in Play” news series (http://www.baystreet.ca/articles/stocks_in_play.cfm).

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