Newmont (NEM) Misses Q1 EPS by 2c

Newmont (NYSE: NEM) reported Q1 EPS of $0.40, $0.02 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $2.58 billion versus the consensus estimate of $2.7 billion.

• On March 23, the Company withdrew its full-year 2020 guidance as some production could be deferred into 2021, potentially impacting costs in 2020 if some operations are on care and maintenance for an extended period. Newmont is well positioned to safely and efficiently ramp-up mining operations in a timely manner. As of May 4, 2020, operations representing approximately 90 percent of our planned 2020 production are operating.

For earnings history and earnings-related data on Newmont (NEM) click here.

You May Also Be Interested In

• O'Reilly Automotive (ORLY) Misses Q1 EPS by 7c, Offers Guidance
• CVB Financial (CVBF) Tops Q1 EPS by 1c
• First Internet Bancorp (INBK) Tops Q1 EPS by 5c