Investing.com - Newmont Goldcorp reported on Friday 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 $3.02B. Analysts polled by Investing.com anticipated EPS of $0.7513 on revenue of $3.09B.
Newmont Goldcorp shares are up 24% from the beginning of the year, still down 10.78% from its 52 week high of $86.37 set on April 18. They are outperforming the S&P 500 which is down 7.82% from the start of the year.
Newmont Goldcorp follows other major Materials sector earnings this month
Newmont Goldcorp's report follows an earnings beat by Freeport-McMoran on Thursday, who reported EPS of $1.07 on revenue of $6.6B, compared to forecasts EPS of $0.8823 on revenue of $6.35B.
Dow had beat expectations on Thursday with first quarter EPS of $2.34 on revenue of $15.26B, compared to forecast for EPS of $2.01 on revenue of $14.42B.
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