Kinross Gold Q1 2024 Adj EPS $0.10 Beats $0.06 Estimate, Sales $1.081B Beat $987.955M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kinross Gold (NYSE:KGC) reported Q1 2024 adjusted EPS of $0.10, surpassing the $0.06 estimate, and sales of $1.081B, exceeding the $987.955M estimate. This represents a 42.86% increase in earnings and a 16.32% increase in sales compared to the same period last year.
May 07, 2024 | 9:02 pm
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Kinross Gold's Q1 2024 earnings and sales beat estimates, with a notable increase compared to last year's figures.
The significant beat on both earnings per share and sales estimates, coupled with the year-over-year growth, suggests a positive outlook for Kinross Gold. This performance could lead to increased investor confidence and a potential uptick in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100