Newmont (NEM) Revenue — Quarter Ended Dec 31, 2023
Revenue for the reporting quarter increased compared to both the prior quarter and the same period last year. The company's top-line performance improved markedly after a period of sequential declines.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the reporting quarter increased compared to both the prior quarter and the same period last year. The company's top-line performance improved markedly after a period of sequential declines.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4B
Revenue reported for this quarter.
Quarter-over-quarter
+58.7%
Change from the immediately preceding quarter.
Year-over-year
+23.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.8B
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 |
|---|---|---|
| Mar 31, 2023 | $2.7B | -11.4% |
| Jun 30, 2023 | $2.7B | -12.3% |
| Sep 30, 2023 | $2.5B | -5.4% |
| Dec 31, 2023 | $4B | +23.7% |
Revenue performance
Revenue in the reporting quarter was higher than the immediately preceding quarter, reversing the earlier downward trend.
Quarterly comparison
Compared to the same quarter one year earlier, revenue also rose, extending the year-over-year growth.
What to watch
Future revenue trends will depend on the company's ability to sustain this growth momentum.