Newmont (NEM) Revenue — Quarter Ended Mar 31, 2023
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed over recent periods.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed over recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.7B
Revenue reported for this quarter.
Quarter-over-quarter
-16.3%
Change from the immediately preceding quarter.
Year-over-year
-11.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $3.1B | -0.2% |
| Sep 30, 2022 | $2.6B | -9.0% |
| Dec 31, 2022 | $3.2B | -5.6% |
| Mar 31, 2023 | $2.7B | -11.4% |
Revenue performance
The reported revenue for the quarter was lower than the immediately preceding quarter, marking a sequential decline.
Quarterly comparison
Compared to the same quarter one year earlier, revenue also decreased, indicating a year-over-year contraction. The trailing twelve-month revenue was lower than the prior year's total.
What to watch
Monitor whether the sequential revenue decline persists in upcoming quarters.