Investing.com - Kinross Gold reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Kinross Gold announced earnings per share of $0.1 on revenue of $879.8M. Analysts polled by Investing.com anticipated EPS of $0.08 on revenue of $882.69M. That with comparison to EPS of $0.07 on revenue of $786.2M in the same period a year before.Kinross Gold had reported EPS of $0.13 on revenue of $996.2M in the previous quarter.Analysts are expecting EPS of $0.1 and revenue of $975.53M in the upcoming quarter.
Kinross Gold shares are up 47.47% from the beginning of the year and are trading at $7.03 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% year to date.
Kinross Gold shares gained 0.57% in after-hours trade the report.
Kinross Gold follows other major Basic Materials sector earnings this month
Kinross Gold's report follows an earnings missed by Newmont Goldcorp on Tuesday, who reported EPS of $0.4 on revenue of $2.58B, compared to forecasts EPS of $0.42 on revenue of $2.71B.
Air Products had missed expectations on Thursday, April 23, 2020 with second quarter EPS of $2.04 on revenue of $2.22B, compared to forecast for EPS of $2.08 on revenue of $2.16B.
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