Barrick Gold: 2Q Earnings Snapshot
TORONTO (AP) _ Barrick Gold Corp. (GOLD) on Monday reported second-quarter net income of $194 million, after reporting a loss in the same period a year earlier.
The Toronto-based company said it had net income of 11 cents per share. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The gold and copper mining company posted revenue of $2.06 billion in the period.
Barrick Gold shares have increased 34% since the beginning of the year. The stock has climbed 67% in the last 12 months.