Newmont (NEM) Revenue — Quarter Ended Sep 30, 2023
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The sequential decrease was smaller than the year-over-year drop.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The sequential decrease was smaller than the year-over-year drop.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.5B
Revenue reported for this quarter.
Quarter-over-quarter
-7.1%
Change from the immediately preceding quarter.
Year-over-year
-5.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.1B
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 |
|---|---|---|
| Dec 31, 2022 | $3.2B | -5.6% |
| Mar 31, 2023 | $2.7B | -11.4% |
| Jun 30, 2023 | $2.7B | -12.3% |
| Sep 30, 2023 | $2.5B | -5.4% |
Revenue performance
The reported revenue moved lower for the quarter, continuing a downward trend observed in recent periods.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased, and it also fell relative to the same quarter one year ago. The year-over-year decline was more pronounced than the sequential change.
What to watch
Monitor whether the revenue trajectory stabilizes or continues to decline in upcoming quarters.