Newmont Mining Corp. Earnings Advance 76% In Q2

(RTTNews) - Newmont Mining Corp. (NEM) announced a profit for its second quarter that increased compared to the same period last year.

The company said its bottom line advanced to $231 million, or $0.44 per share. This was higher than $131 million, or $0.26 per share, in last year's second quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.8% to $2.04 billion. This was up from $1.91 billion last year.

Newmont Mining Corp. earnings at a glance:

-Earnings (Q2): $231 Mln. vs. $131 Mln. last year. -Earnings Growth (Y-o-Y): 76.3% -EPS (Q2): $0.44 vs. $0.26 last year. -EPS Growth (Y-o-Y): 69.2% -Analysts Estimate: $0.29 -Revenue (Q2): $2.04 Bln vs. $1.91 Bln last year. -Revenue Change (Y-o-Y): 6.8%