Barrick Gold Q4 Adj. EPS $0.27 Beats $0.21 Estimate, Sales $3.06B Miss $3.15B Estimate
Portfolio Pulse from Benzinga Newsdesk
Barrick Gold (NYSE:GOLD) reported Q4 adjusted EPS of $0.27, surpassing the $0.21 estimate, marking a 107.69% increase from last year. However, its $3.06B sales fell short of the $3.15B estimate, despite being a 10.27% increase from the previous year.
February 14, 2024 | 11:03 am
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Barrick Gold's Q4 adjusted EPS of $0.27 exceeded expectations, showing significant year-over-year growth. However, sales missed estimates slightly, despite a year-over-year increase.
The positive earnings surprise and significant year-over-year growth in EPS are likely to be viewed favorably by investors, potentially leading to a short-term positive impact on the stock price. However, the slight miss in sales estimates could temper some of the positive sentiment.
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