Newmont (NEM) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased compared to the immediately preceding quarter and rose sharply versus the same quarter one year earlier. The sequential gain was modest, while the year-over-year advance was substantial.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased compared to the immediately preceding quarter and rose sharply versus the same quarter one year earlier. The sequential gain was modest, while the year-over-year advance was substantial.
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
+1.7%
Change from the immediately preceding quarter.
Year-over-year
+50.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.2B
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 |
|---|---|---|
| Jun 30, 2023 | $2.7B | -12.3% |
| Sep 30, 2023 | $2.5B | -5.4% |
| Dec 31, 2023 | $4B | +23.7% |
| Mar 31, 2024 | $4B | +50.2% |
Revenue performance
Reported revenue moved higher from the prior quarter, continuing the upward trajectory seen in the previous period. The year-over-year comparison showed a strong increase, reflecting a marked improvement from the same quarter last year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue edged up. Relative to the same quarter one year earlier, revenue was substantially higher.
What to watch
The sequential revenue growth rate was modest despite a large year-over-year gain, suggesting the pace of improvement may be slowing.