Newmont: Fourth Quarter Earnings Overview

Newmont Corporation Reports Strong Fourth-Quarter Results

Newmont Corporation, headquartered in Denver, announced on Thursday that it achieved a net income of $1.3 billion for the fourth quarter.

The company reported earnings of $1.19 per share, while adjusted earnings—excluding one-time expenses—came in at $2.52 per share.

These figures exceeded analysts’ expectations, as a consensus of four analysts polled by Zacks Investment Research had projected earnings of $2.03 per share.

Newmont, a leading producer of gold and copper, also reported quarterly revenue of $6.82 billion, surpassing the $6.06 billion forecasted by three Zacks analysts.

For the full year, Newmont posted a total profit of $7.09 billion, or $6.39 per share, with annual revenue reaching $22.67 billion.

This article was created by Automated Insights using data from Zacks Investment Research.