Newmont Q3 Adj. EPS $0.36 Misses $0.43 Estimate, Sales $2.49B Miss $2.90B Estimate
Portfolio Pulse from Benzinga Newsdesk
Newmont (NYSE:NEM) reported Q3 earnings of $0.36 per share, missing the analyst consensus estimate of $0.43 by 16.28%. The company's quarterly sales were $2.49 billion, missing the analyst consensus estimate of $2.90 billion by 13.98%. This represents a 33.33% increase in earnings and a 5.35% decrease in sales compared to the same period last year.
October 26, 2023 | 11:08 am
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Newmont's Q3 earnings and sales missed analyst estimates, which could negatively impact the company's stock price in the short term.
Newmont's earnings and sales for Q3 have both missed analyst estimates. This underperformance could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100