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Barrick Gold Stock Rose on 1Q18 Earnings Beat

Annie Gilroy
Barrick Gold Stock Rose on 1Q18 Earnings Beat

Barrick Gold (ABX) reported its 1Q18 results on April 23 after the market closed. It held a conference call the next day. It reported EPS (earnings per share) of $0.15, which represented a beat of $0.01 on consensus expectations. However, it missed on revenues by ~$50 million, reporting a top line of $1.8 billion. It maintained its production and unit costs for 2018.