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42.36
3.49%
1.43
After Hours:
42.42
0.06
+0.14%
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Why is Newmont Corp (NEM) Stock down?
We've noticed a 6.02% decline in Newmont Corp (NEM) stock during the 2024-11-11 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
22 Feb, 2024:
Newmont Corporation (NEM) stock fell by 7.60% due to following its quarterly earnings report. The mining company showed lower-than-expected figures.
- Quarterly Earnings Miss: Despite reporting earnings of $0.50 per share, Newmont fell short of the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.44 per share in the previous year, adjusted for non-recurring items.
- Earnings Surprise and Revenue Performance: The quarterly report represented an earnings surprise of -1.96%. While revenues for the quarter ended December 2023 stood at $3.96 billion, surpassing the Zacks Consensus Estimate by 24.77%, the company has only exceeded consensus revenue estimates once in the last four quarters.
4.21%
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