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Newmont Mining Slips Despite Posting Better-Than-Expected Earnings
The gold and copper producer posts earnings well above analysts' forecasts, driven by steady gold and copper production and reduced expenses.
The company reported adjusted earnings of $214 million, or 40 cents a share, for its fourth quarter, compared to $206 million, or 38 cents a share, in the year-earlier period. Analysts surveyed by FactSet had expected per-share earnings of 25 cents.
Excluding tax- and valuation-related adjustments, the company said it earned 7 cents a share in the quarter. Revenue rose to $2.05 billion vs. $1.94 billion in the same period last year. Attributable gold production, a measure of the company's actual gold-mining efforts, was 1.44 million ounces, an increase of 8% from the prior year quarter.
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https://www.thestreet.com/investing/earn...yptr=yahoo
![[Bild: NEMc1dl1421.png]](https://finviz.com/publish/022119/NEMc1dl1421.png)
The gold and copper producer posts earnings well above analysts' forecasts, driven by steady gold and copper production and reduced expenses.
The company reported adjusted earnings of $214 million, or 40 cents a share, for its fourth quarter, compared to $206 million, or 38 cents a share, in the year-earlier period. Analysts surveyed by FactSet had expected per-share earnings of 25 cents.
Excluding tax- and valuation-related adjustments, the company said it earned 7 cents a share in the quarter. Revenue rose to $2.05 billion vs. $1.94 billion in the same period last year. Attributable gold production, a measure of the company's actual gold-mining efforts, was 1.44 million ounces, an increase of 8% from the prior year quarter.
...
https://www.thestreet.com/investing/earn...yptr=yahoo
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