WASHINGTON (dpa-AFX) - Newmont Corporation (NEM) reported a profit for its second quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $853 million, or $0.74 per share. This compares with $155 million, or $0.19 per share, in last year's second quarter.
Excluding items, Newmont Corporation reported adjusted earnings of $834 million or $0.72 per share for the period.
Analysts on average had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 64.2% to $4.40 billion from $2.68 billion last year.
Newmont Corporation earnings at a glance (GAAP) :
-Earnings (Q2): $853 Mln. vs. $155 Mln. last year. -EPS (Q2): $0.74 vs. $0.19 last year. -Revenue (Q2): $4.40 Bln vs. $2.68 Bln last year.
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