Company News: Barrick (GOLD) quarterly earnings beat analysts’ forecast

Market news

6 November 2019

Company News: Barrick (GOLD) quarterly earnings beat analysts’ forecast

Barrick (GOLD) reported Q3 FY 2019 earnings of $0.15 per share (versus $0.08 in Q3 FY 2018), beating analysts’ consensus estimate of $0.12.

The company’s quarterly revenues amounted to $2.678 bln (+45.8% y/y), generally in line with analysts’ consensus estimate of $2.703 bln.

GOLD rose to $16.81 (+1.63%) in pre-market trading.

U.S.: Unit Labor Costs, q/q, Quarter III 3.6% (forecast 2.2%)

Chicago Fed President Evans: Fed has engineered accommodative policy with the third cut

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