Goldcorp's 1Q profit jumps 84 percent on record gold prices

Net income for the three months ended March 31 rose to $229.5 million, or 32 cents per share, compared with $124.9 million, or 18 cents per share, in the year-earlier quarter.

Excluding a one-time gain from selling shares of a silver company, plus nonrecurring charges for tax liabilities and hedges, the Canadian company had adjusted earnings in the recent quarter of 23 cents per share.

Analysts polled by Thomson Financial expected, on average, earnings per share of 21 cents. Such estimates typically exclude one-time gains and charges.

Revenue rose 32 percent to $626.7 million, from $474.2 million last year. Analysts expected revenue of $673.2 million.

The company said it had a record-high realized gold price of $932 per ounce. Gold sales slipped to 517,800 ounces at a total cash cost of $240 per ounce, compared with 527,000 ounces at a total cash cost of $181 per ounce in the 2007 quarter.

Shares rose $1.39, or 3.9 percent, to $37.28 in premarket electronic trading, from their close in Friday's regular session at $35.89.