Investing.com - Newmont Goldcorp reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Newmont Goldcorp announced earnings per share of $0.74 on revenue of $2.87B. Analysts polled by Investing.com anticipated EPS of $0.8032 on revenue of $3.22B.
Newmont Goldcorp shares are up 15% from the beginning of the year and are trading at $64.20 , down-from-52-week-high.They are outperforming the Nasdaq which is up 9.02% from the start of the year.
Newmont Goldcorp follows other major Basic Materials sector earnings this month
Newmont Goldcorp's report follows an earnings beat by Vale ADR on Tuesday, who reported EPS of $1.09 on revenue of $12.65B, compared to forecasts EPS of $1.06 on revenue of $13.04B.
Sherwin-Williams had beat expectations on Tuesday with first quarter EPS of $2.06 on revenue of $4.66B, compared to forecast for EPS of $1.64 on revenue of $4.51B.
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