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Newmont $NEM has released its quarterly earnings. Revenue of $5.65B (+42.84% YoY) beats by $332M. EPS of $1.40 (+204.35% YoY) beats by $0.37.
$NEM reported Q4 earnings of $1.40, smashing estimates of $1.09 by $0.31, a 285% rise over Q3 2023, and Q4 revenue of $5.6B, beating estimates by 9%. But the stock is down 4.5% as management guided costs higher for 2025, ignoring the fact that the gold price is rising faster.
$NEM Newmont Q4 Adj $1.40 Beats $1.08 Estimate Sales $5.65B Beat $5.15B Estimate
Newmont Corporation ($NEM) reported its fourth-quarter earnings for 2024, revealing an adjusted earnings per share (EPS) of $1.40, exceeding analyst expectations of $1.08. The company's revenue for the quarter reached $5.65 billion, surpassing estimates of $5.12 billion. Newmont's attributable gold production was reported at 1.9 million ounces, above the estimated 1.75 million ounces. Year-over-year, the revenue increased by 42.84%, while the EPS rose by 204.35%. However, despite these positive results, the stock declined by 4.5% following management's guidance indicating higher costs for 2025, which has raised concerns among investors amidst rising gold prices.