Newmont Q4 2023 Adj EPS $0.50 Beats $0.46 Estimate, Sales $4B Beat $3.45B Estimate
Portfolio Pulse from Benzinga Newsdesk
Newmont (NYSE:NEM) reported Q4 2023 adjusted EPS of $0.50, surpassing the $0.46 estimate, with sales of $4B exceeding the $3.45B forecast. This represents a 25% increase in sales compared to the same period last year.
February 22, 2024 | 12:06 pm
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POSITIVE IMPACT
Newmont's Q4 2023 earnings and sales exceeded analyst expectations, with a significant year-over-year sales growth.
Beating both EPS and sales estimates significantly, especially with a notable 25% increase in sales compared to the previous year, is likely to instill investor confidence and could lead to a positive short-term impact on Newmont's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100