Referenced Stocks

UPDATE: Barrick Gold Edging Higher Pre-Market on Q4 Results

By Midnight Trader,  February 14, 2013, 09:20:23 AM EDT

Excluding a US$3 billion writedown on a Zambian copper mine and other items, Barrick Gold Corporation ( ABX ), reported fourth quarter 2012 earnings per share of $1.11, topping consensus estimate of $1.06. Revenues were $4.2 billion, better than the analyst estimate of $3.9 billion.

But including the writedown, the loss was $3.06 billion, or $3.06 a share, compared with net income of $959 million, or 96 cents in the previous corresponding period.

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.

Shares have reversed from earlier pre-bell declines.




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.


This article appears in: Investing, Commodities

Referenced Stocks: ABX



Latest News Video

Interstate 5 Bridge Collapses in Washington State
Interstate 5 Bridge Collapses in Wa...
29 New Jersey Bars Accused of Fraudulent Booze Sales
29 New Jersey Bars Accused of Fraud...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.21 0.10  0.75%
HPQ $ 24.86 3.63  17.10%
SIRI $ 3.545 0.01  0.28%
MU $ 11.39 0.47  4.30%
MSFT $ 34.15 0.46  1.33%
F $ 14.81 0.16  1.07%
QQQ $ 73.45 0.17  0.23%
GE $ 23.66 0.20  0.84%