Markets

Kinross Gold Corp. Q1 Profit Increases, beats estimates

May 07, 2024 — 07:15 pm EDT

Written by RTTNews.com for RTTNews

(RTTNews) - Kinross Gold Corp. (K.TO) released a profit for its first quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $107 million, or $0.09 per share. This compares with $90.2 million, or $0.07 per share, in last year's first quarter.

Excluding items, Kinross Gold Corp. reported adjusted earnings of $124.9 million or $0.10 per share for the period.

Analysts on average had expected the company to earn $0.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.1% to $1.08 billion from $0.93 billion last year.

Kinross Gold Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $107 Mln. vs. $90.2 Mln. last year. -EPS (Q1): $0.09 vs. $0.07 last year. -Revenue (Q1): $1.08 Bln vs. $0.93 Bln last year.

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Kinross Gold Corp. Q1 Profit Increases, beats estimates

Tags

Latest Articles