Gold producer Newmont Mining Corp. (NEM) Monday reported first-quarter net income attributable to Newmont stockholders of $315 million or $0.63 per share, compared to $490 million or $0.97 per share in the comparable quarter last year.
Excluding items, adjusted earnings for the quarter were $354 million or $0.71 per share, compared with $578 million or $1.15 per share in the previous year quarter. On average, 18 analysts polled by Thomson Reuters estimated earnings of $0.77 per share for the quarter. Analysts' estimates typically exclude special items.
Sales for the latest first quarter were $2.18 billion, down from $2.68 billion in the year-ago period, while eight analysts had consensus revenue estimate of $2.27 billion for the quarter.
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