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Barrick Gold Misses Q2 2018 Results on Lower Sales, Higher Costs

Annie Gilroy
Barrick Gold Misses Q2 2018 Results on Lower Sales, Higher Costs

Barrick Gold (ABX) reported its Q2 2018 earnings yesterday after the market closed. The company reported adjusted EPS of $0.07, which missed analysts’ expectations by $0.04. Its revenues amounted to $1.71 billion, which missed expectations by 6.0%. The results stood in contrast to the company’s Q1 2018 earnings beat. The stock’s momentum in after-hours trading was weak after the miss.