Investing.com - Newmont Goldcorp reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Newmont Goldcorp announced earnings per share of $0.86 on revenue of $3.17B. Analysts polled by Investing.com anticipated EPS of $0.84 on revenue of $3.29B.
Newmont Goldcorp shares are up 34% from the beginning of the year and are trading at $59.20 , down-from-52-week-high.They are outperforming the S&P 500 which is up 1.25% from the start of the year.
Newmont Goldcorp shares gained 0.94% in pre-market trade the report.
Newmont Goldcorp follows other major Basic Materials sector earnings this month
Newmont Goldcorp's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $8.29 on revenue of $5.12B, compared to forecasts EPS of $7.78 on revenue of $5.07B.
DuPont had beat expectations on Thursday with third quarter EPS of $0.88 on revenue of $5.10B, compared to forecast for EPS of $0.75 on revenue of $5B.
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