Investing.com - Newmont Goldcorp reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Newmont Goldcorp announced earnings per share of $0.78 on revenue of $3.39B. Analysts polled by Investing.com anticipated EPS of $0.7677 on revenue of $3.35B.
Newmont Goldcorp shares are down 4% from the beginning of the year, still down 9.37% from its 52 week high of $75.31 set on May 19, 2021. They are outperforming the Nasdaq which is down 16.67% from the start of the year.
Newmont Goldcorp shares gained 1.86% in pre-market trade following the report.
Newmont Goldcorp follows other major Materials sector earnings this month
Newmont Goldcorp's report follows an earnings missed by Freeport-McMoran on January 26, who reported EPS of $0.96 on revenue of $6.16B, compared to forecasts EPS of $0.9703 on revenue of $6.44B.
Air Products had beat expectations on February 4 with first quarter EPS of $2.52 on revenue of $2.99B, compared to forecast for EPS of $2.5 on revenue of $2.74B.
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