Newmont Announces Second Quarter 2018 Results

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Go back to Newmont Announces Second Quarter 2018 Results

Newmont Mining (NEM) Tops Q2 EPS by 2c, Miss on Revenues

July 26, 2018 7:19 AM EDT

Newmont Mining (NYSE: NEM) reported Q2 EPS of $0.26, $0.02 better than the analyst estimate of $0.24. Revenue for the quarter came in at $1.66 billion versus the consensus estimate of $1.79 billion.

Net income: Delivered GAAP net income from continuing operations attributable to stockholders of $274 million or $0.51 per diluted share; delivered adjusted net income1 of $144 million or $0.26 per diluted share, down 43 percent compared to the prior year quarterRevenue: decreased 11 percent to $1,662 million for the quarter primarily due to lower production, partially offset by higher average realized gold prices.EBITDA: Generated $545 million in... More