Newmont Corporation reported a decline in its fourth-quarter profit to $1.301 billion, or $1.19 per share, from $1.403 billion and $1.24 per share last year, despite revenue increasing by 20.6% year-over-year to $6.818 billion. Adjusted earnings, excluding items, were $2.753 billion, or $2.52 per share. This decline in earnings, despite revenue growth, may negatively impact investor confidence given fluctuating metal prices.
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Newmont Corporation Reports Decline in Q4 Earnings
Newmont Corporation reported a decline in its fourth-quarter profit to $1.301 billion, or $1.19 per share, from $1.403 billion and $1.24 per share last year, despite revenue increasing by 20.6% year-over-year to $6.818 billion. Adjusted earnings, excluding items, were $2.753 billion, or $2.52 per share. This decline in earnings, despite revenue growth, may negatively impact investor confidence given fluctuating metal prices.