Gold Miner Newmont Hits on Earnings, but Misses on Sales

gold miner newmont hits on earnings but misses on sales

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.

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