Newmont (NEM) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter was essentially flat compared to the immediately preceding quarter. However, it declined sharply relative to the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter was essentially flat compared to the immediately preceding quarter. However, it declined sharply relative to the same quarter one year earlier.
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
+0.1%
Change from the immediately preceding quarter.
Year-over-year
-12.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.2B
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 |
|---|---|---|
| Sep 30, 2022 | $2.6B | -9.0% |
| Dec 31, 2022 | $3.2B | -5.6% |
| Mar 31, 2023 | $2.7B | -11.4% |
| Jun 30, 2023 | $2.7B | -12.3% |
Revenue performance
Reported revenue remained nearly unchanged from the prior quarter, indicating a stabilization after recent declines.
Quarterly comparison
Compared to the same quarter last year, revenue was significantly lower, continuing a year-over-year downward trend seen in recent quarters.
What to watch
Monitor whether the year-over-year revenue decline persists or stabilizes in upcoming quarters.