Barrick Gold Q2 Adj. EPS $0.19 Beats $0.17 Estimate, Sales $2.83B Miss $3.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
Barrick Gold reported Q2 earnings of $0.19 per share, beating the analyst consensus estimate of $0.17 by 11.76%. However, this is a 20.83% decrease from the same period last year. The company's quarterly sales of $2.83 billion missed the analyst consensus estimate of $3.40 billion by 16.60%, marking a 0.91% decrease from the same period last year.
August 08, 2023 | 10:02 am
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Barrick Gold's Q2 earnings beat estimates but sales missed. This mixed result could lead to uncertainty in the market.
Barrick Gold's earnings beat estimates, which is positive for the stock. However, the miss on sales and the decrease in both earnings and sales compared to the same period last year could negatively impact the stock. The mixed results make the short term impact on the stock uncertain.
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