Barrick Gold Dips in Pre-Market Despite Forecast-beating Q4 EPS, Revenues


Barrick Gold Corporation ( ABX ) reported fourth quarter 2012 earnings per share of $1.11, topping consensus estimate of $1.06. Net income was $1.11 billion. Revenues were $4.2 billion, better than the analyst estimate of $3.9 billion.

In the prior year period, net income was $1.17 billion, $1.17 per share, on revenues of $3.8 billion.

For the year 2013, the company anticipates gold production to be in the range of 7.0-7.4 million ounces. Copper production in 2013 is expected to increase to 480-540 million pounds.

ABX was off by 4 cents at $31.55 in pre-market trade.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: ABX

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