WASHINGTON (dpa-AFX) - Newmont Mining Corp. (NEM) reported a profit for its second quarter that advanced from the same period last year.
The company's bottom line totaled $640 million, or $0.81 per share. This compares with $412 million, or $0.43 per share, in last year's second quarter.
Excluding items, Newmont Mining Corp. reported adjusted earnings of $670 million or $0.83 per share for the period.
Analysts had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 29.5% to $3.07 billion from $2.37 billion last year.
Newmont Mining Corp. earnings at a glance:
-Earnings (Q2): $670 Mln. vs. $261 Mln. last year. -EPS (Q2): $0.83 vs. $0.32 last year. -Analysts Estimate: $0.76 -Revenue (Q2): $3.07 Bln vs. $2.37 Bln last year.
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