logo
  

Barrick Gold Q3 Net Income Declines

Barrick Gold Corporation (GOLD) on Thursday reported net earnings in the third quarter that more than halved to $347 million or $0.20 per share from $882 million or $0.50 per share in the same quarter a year ago on lower sales.

Excluding items, earnings were $419 million or $0.24 per share, that missed the average estimate of analysts surveyed by Thomson Reuters at $0.31 per share.

Revenue for the quarter declined to 2.826 billion from $3.54 billion last year. The consensus estimate was for $3.18 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Luxury electric car maker Tesla Inc. has produced more than 3 million vehicles, of which 1 million in Shanghai Gigafactory, according to its founder and Chief Executive Officer Elon Musk. In a tweet on Sunday, Musk said, "Congrats Giga Shanghai on making millionth car! Total Teslas made now over 3M." King's Hawaiian is recalling its Pretzel Slider Buns, Pretzel Hamburger Buns and Pretzel Bites products as they contain one ingredient already recalled by Lyons Magnus, the U.S. Food And Drug Administration said. The Pretzel recall was initiated out of an abundance of caution after one of its supplier Lyons Magnus recently called back various nutritional and beverage products. German consumer goods maker Henkel AG & Co. reported Monday weak profit in its first half amid increasing costs, despite growth in sales. Further, the company maintained its adjusted earnings forecast for fiscal 2022, but raised outlook for organic sales growth.For fiscal 2022, the company continues to expect adjusted earnings per preferred share to decline in the range of 15 percent to 35 percent
RELATED NEWS
Follow RTT