Sumary of Gold Miner Newmont Hits on Earnings, but Misses on Sales:
- David Gray/AFP via Getty Images Newmont beat expectations on its second-quarter earnings, but stumbled on sales.
- Shares of Newmont (ticker: NEM) were down 0.2% to $60.22 in afternoon trading, while the S&P 500 index was flat.
- Newmont (ticker: NEM) reported adjusted earnings of 83 cents a share, ahead of Wall Street’s consensus estimate at 78 cents.
- In a statement, Newmont CEO Tom Palmer characterized the company’s performance as “solid,” including the adjusted Ebitda of $1.59 billion.