Investing.com - Barrick Gold reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of C$0.15 on revenue of C$2.82B. Analysts polled by Investing.com expected EPS of C$0.12 on revenue of C$2.92B. That compared to EPS of C$0.19 on revenue of C$2.3B in the same period a year earlier. The company had reported EPS of C$0.08 on revenue of C$2.52B in the previous quarter.
Barrick Gold shares lost 1.64% to trade at C$16.84 in intra-day trade following the report.
For the year, Barrick Gold shares are down 8.63%, under-performing the S&P/TSX which is up 16.05% year to date.
Barrick Gold follows other major Basic Materials sector earnings this month
On Wednesday, April 24, 2019, Methanex reported first quarter EPS of C$0.98 on revenue of C$989M, compared to forecasts of EPS of C$1.14 on revenue of C$1.06B.
West Fraser Timber earnings missed analyst's expectations on Thursday, April 25, 2019, with first quarter EPS of C$0.32 on revenue of C$1.24B. Investing.com analysts expected EPS of C$0.56 on revenue of C$1.29B
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