Newmont misses the consensus











Photo credit © Reuters


(Boursier.com) — Newmont Mining, the mining colossus of Colorado, corrects before the stock market on Wall Street, while the group has just revealed profits below market expectations, victim of an increase in expenses of more than 30% and a decline in billings. The title falls to the lowest of two years on the American rating, while the quarterly net profit stood at 387 million dollars, 49 cents per title, against 650 million dollars and 81 cents per share a year before. Adjusted earnings per share were 46 cents, versus a consensus of 66 cents as measured by FactSet. Revenue fell 0.2% to $3.06 billion.


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