Newmont: Q4 Earnings Snapshot

Associated Press Finance
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DENVER (AP) — DENVER (AP) — Newmont Corporation (NEM) on Thursday reported a loss of $3.14 billion in its fourth quarter.

The Denver-based company said it had a loss of $3.21 per share. Earnings, adjusted for one-time gains and costs, came to 50 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The gold and copper miner posted revenue of $3.96 billion in the period.

For the year, the company reported a loss of $2.48 billion, or $2.94 per share. Revenue was reported as $11.81 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NEM at https://www.zacks.com/ap/NEM

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