Investing.com - Kinross Gold reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Kinross Gold announced earnings per share of $0.25 on revenue of $1.13B. Analysts polled by Investing.com anticipated EPS of $0.21 on revenue of $1.16B.
Kinross Gold shares are up 71.1% from the beginning of the year and are trading at $8.20 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Kinross Gold shares gained 1.11% in after-hours trade after the report.
Kinross Gold follows other major Basic Materials sector earnings this month
Kinross Gold's report follows an earnings beat by Sherwin-Williams on Tuesday, October 27, 2020, who reported EPS of $8.29 on revenue of $5.12B, compared to forecasts EPS of $7.79 on revenue of $5.07B.
Vale ADR had missed expectations on Wednesday, October 28, 2020 with third quarter EPS of $0.63 on revenue of $10.76B, compared to forecast for EPS of $0.64 on revenue of $10.81B.
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