Newmont Q1 2024 Adj EPS $0.55 Beats $0.36 Estimate, Sales $4.023B Beat $3.670B Estimate
Portfolio Pulse from Benzinga Newsdesk
Newmont (NYSE:NEM) reported Q1 2024 adjusted EPS of $0.55, surpassing the $0.36 estimate, with sales of $4.023B exceeding the $3.670B forecast. This represents a 50.17% increase in sales compared to the same period last year.
April 25, 2024 | 11:08 am
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Newmont's Q1 2024 earnings and sales significantly exceeded analyst expectations, with a notable 50.17% increase in sales year-over-year.
Beating both EPS and sales estimates by significant margins, especially with a substantial year-over-year sales increase, typically leads to positive investor sentiment and could boost Newmont's stock price in the short term.
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