Kinross Gold Q2 Adj $0.14 Beats $0.08 Estimate, Sales $1.09B Beat $1.00B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kinross Gold (NYSE:KGC) reported Q2 earnings of $0.14 per share, beating the analyst consensus estimate of $0.08 by 75%. The company also reported quarterly sales of $1.09 billion, beating the estimate of $1.00 billion by 9.20%. This represents a 366.67% increase in earnings and a 32.93% increase in sales compared to the same period last year.
August 04, 2023 | 12:31 pm
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POSITIVE IMPACT
Kinross Gold's Q2 earnings and sales exceeded estimates, indicating strong performance. This could potentially lead to a positive impact on the company's stock.
Kinross Gold's Q2 earnings and sales have significantly exceeded estimates, indicating strong performance. This positive financial report is likely to increase investor confidence and could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100