Newmont: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 07:57 AM ET
Last Updated - Jun 22, 2023, 07:59 PM EDT
DENVER (AP) — DENVER (AP) — Newmont Corporation (NEM) on Thursday reported a loss of $1.48 billion in its fourth quarter.
On a per-share basis, the Denver-based company said it had a loss of $1.86. Earnings, adjusted for one-time gains and costs, were 44 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The gold and copper miner posted revenue of $3.2 billion in the period.
