Newmont Mining Corp. Q1 Earnings Retreat 21%

(RTTNews) - Newmont Mining Corp. (NEM) released a profit for first quarter that declined compared to the same period last year.

The company said its profit dropped to $182 million, or $0.34 per share. This was lower than $229 million, or $0.46 per share, in last year's first quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.0% to $2.03 billion. This was up from $1.97 billion last year.

Newmont Mining Corp. earnings at a glance:

-Earnings (Q1): $182 Mln. vs. $229 Mln. last year. -Earnings Decline (Y-o-Y): -20.5% -EPS (Q1): $0.34 vs. $0.46 last year. -EPS Decline (Y-o-Y): -26.1% -Analysts Estimate: $0.20 -Revenue (Q1): $2.03 Bln vs. $1.97 Bln last year. -Revenue Change (Y-o-Y): 3.0%