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Barrick Gold Corp Q1 adjusted earnings Beat Estimates

Barrick Gold Corp (ABX) reported a profit for first quarter that dropped from last year.

The company's profit totaled $158 million, or $0.14 per share. This compares with $679 million, or $0.58 per share, in last year's first quarter.

Excluding items, Barrick Gold Corp reported adjusted earnings of $170 million or $0.15 per share for the period.

Analysts had expected the company to earn $0.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 10.1% to $1.79 billion from $1.99 billion last year.

Barrick Gold Corp earnings at a glance:

-Earnings (Q1): $170 Mln. vs. $162 Mln. last year.
-EPS (Q1): $0.15 vs. $0.14 last year.
-Analysts Estimate: $0.14
-Revenue (Q1): $1.79 Bln vs. $1.99 Bln last year.

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