Investing.com - Newmont Goldcorp reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Newmont Goldcorp announced earnings per share of $0.6 on revenue of $2.89B. Analysts polled by Investing.com anticipated EPS of $0.7977 on revenue of $3.24B.
Newmont Goldcorp shares are up 34% from the beginning of the year and are trading at $56.40 , down-from-52-week-high.They are outperforming the S&P 500 which is up 21.18% from the start of the year.
Newmont Goldcorp shares lost 1.98% in pre-market trade the report.
Newmont Goldcorp follows other major Basic Materials sector earnings this month
Newmont Goldcorp's report follows an earnings missed by Sherwin-Williams on Tuesday, who reported EPS of $2.09 on revenue of $5.15B, compared to forecasts EPS of $2.13 on revenue of $5.09B.
BASF ADR had beat expectations on Wednesday with third quarter EPS of $0.4522 on revenue of $22.81B, compared to forecast for EPS of $0.4387 on revenue of $20.64B.
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