DENVER (AP) _ Newmont Corporation (NEM) on Thursday reported second-quarter net income of $650 million.
On a per-share basis, the Denver-based company said it had profit of 81 cents. Earnings, adjusted for one-time gains and costs, were 84 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.
The gold and copper miner posted revenue of $3.07 billion in the period.
Newmont shares have increased nearly 1% since the beginning of the year, while the S&P’s 500 index has risen 16%. The stock has declined 6% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NEM at https://www.zacks.com/ap/NEM
The Associated Press