Investing.com - Newmont Goldcorp reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Newmont Goldcorp announced earnings per share of $0.4 on revenue of $2.58B. Analysts polled by Investing.com anticipated EPS of $0.42 on revenue of $2.71B. That with comparison to EPS of $0.33 on revenue of $1.8B in the same period a year before. Newmont Goldcorp had reported EPS of $0.5 on revenue of $2.97B in the previous quarter. Analysts are expecting EPS of $0.42 and revenue of $2.53B in the upcoming quarter.
Newmont Goldcorp shares are up 44% from the beginning of the year , still down 2.94% from its 52 week high of $64.64 set on April 23. They are outperforming the S&P 500 which is down 12.39% year to date.
Newmont Goldcorp follows other major Basic Materials sector earnings this month
Newmont Goldcorp's report follows an earnings missed by Air Products on April 23, who reported EPS of $2.04 on revenue of $2.22B, compared to forecasts EPS of $2.08 on revenue of $2.16B.
Sherwin-Williams had beat expectations on April 29 with first quarter EPS of $4.08 on revenue of $4.15B, compared to forecast for EPS of $3.92 on revenue of $4.13B.
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