Newmont's (NEM) Earnings and Revenues Lag Estimates in Q2

Published on 26 Jul 2022 on Zacks via Yahoo Finance

Newmont's (NEM) Earnings and Revenues Lag Estimates in Q2

Newmont Corporation NEM reported net income from continuing operations of $379 million or 48 cents per share in second-quarter 2022, down from $640 million or 80 cents per share in the year-ago quarter.

Barring one-time items, adjusted earnings were 46 cents per share that missed the Zacks Consensus Estimate of 60 cents.

Newmont reported revenues of $3,058 million, almost flat year over year. The figure missed the Zacks Consensus Estimate by 0.5%. Higher average realized gold prices and copper sales volume were partly offset by reduced average realized co-product metal prices.

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Newmont's (NEM) Earnings and Revenues Lag Estimates in Q2

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