Investing.com - Newmont Goldcorp reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Newmont Goldcorp announced earnings per share of $1.06 on revenue of $3.38B. Analysts polled by Investing.com anticipated EPS of $0.9541 on revenue of $3.48B.
Newmont Goldcorp shares are down 4% from the beginning of the year and are trading at $57.40 , down-from-52-week-high.They are under-performing the S&P 500 which is up 4.67% from the start of the year.
Newmont Goldcorp shares gained 0.72% 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 January 28, who reported EPS of $5.09 on revenue of $4.49B, compared to forecasts EPS of $4.85 on revenue of $4.34B.
Air Products had missed expectations on February 4 with first quarter EPS of $2.12 on revenue of $2.38B, compared to forecast for EPS of $2.18 on revenue of $2.35B.
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