Loading ...Just as I suspected…awful report.
Only beat earnings estimates by 72 cents…..lol. Ho-hum, up .5% in AH trading. Maybe people will like it when it’s PE is 8…..
Oh, earning were only up 132% YoY….pedestrian…..
Investing.com — Newmont Corporation (NYSE: NEM) reported first quarter results that exceeded analyst expectations, with adjusted earnings per share of $2.90 beating estimates by $0.72 and revenue of $7.31 billion surpassing the $6.53 billion consensus. Shares rose 1.7% after hours Thursday following the announcement.
nobody except you & I bring it up……
I think the muted reaction was because of lower production levels. There were some specific issues including the shutdown of their large silver operation in Mexico and the sale of some non core mines in various places. Over time the earnings will continue to grow.