GREENWOOD VILLAGE, Colo. (AP) _ Newmont Mining Corp. (NEM) on Thursday reported first-quarter net income of $192 million.
The Greenwood Village, Colorado-based company said it had profit of 36 cents per share. Earnings, adjusted for one-time gains and costs, came to 35 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The gold and copper miner posted revenue of $1.82 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $1.85 billion.
Newmont shares have increased 8 percent since the beginning of the year, while the Standard & Poor’s 500 index has declined slightly more than 1 percent. The stock has risen 23 percent 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