Newmont (NEM) Posts In-Line Q4 Earnings, Revenues Miss
Zacks Investment Research | Feb 21, 2018 10:59PM ET
Gold mining giant Newmont Mining Corporation (NYSE:NEM) logged net loss from continuing operations of $534 million or 99 cents per share in fourth-quarter 2017, wider than net loss of $391 million or 73 cents recorded a year ago.
Barring one-time items, adjusted earnings were 40 cents per share for the quarter, which came in line with the Zacks Consensus Estimate.
Newmont reported revenues of $1,935 million, up around 8.2% year over year. The figure missed the Zacks Consensus Estimate of $1,957.6 million.
Full-Year 2017 Results
For 2017, Newmont reported adjusted net income of $780 million or $1.46 per share compared with $619 million or $1.16 per share in 2016.
Revenues jumped roughly 9.5% year over year to $7,348 million.
Newmont Mining Corporation Price, Consensus and EPS Surprise
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