Investing.com - Newmont Goldcorp reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Newmont Goldcorp announced earnings per share of $0.46 on revenue of $3.06B. Analysts polled by Investing.com anticipated EPS of $0.6814 on revenue of $3.15B.
Newmont Goldcorp shares are down 17% from the beginning of the year and are trading at $51.39 , down-from-52-week-high.They are broadly in line with the S&P 500 which is down 16.88% from the start of the year.
Newmont Goldcorp follows other major Materials sector earnings this month
Newmont Goldcorp's report follows an earnings missed by Freeport-McMoran on Thursday, who reported EPS of $0.58 on revenue of $5.42B, compared to forecasts EPS of $0.6163 on revenue of $6.13B.
Dow had beat expectations on Thursday with second quarter EPS of $2.31 on revenue of $15.66B, compared to forecast for EPS of $2.14 on revenue of $15.55B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar