Movement Alert｜Kinross Falls 5.83% in Pre-Market Trading, Q3 Revenue Miss Overshadows Profit Growth

Market Focus10-29 20:43

On October 29, Kinross fell 5.83% in Pre-Market Trading to $21.6/share, with turnover of $0.5851 million.

The move followed the company’s third-quarter results released after October 28, which showed adjusted EPS of $0.50, up from $0.44 a year earlier, while revenue slipped to about $1.78 billion from $1.80 billion.

The key pressure point was a miss versus market expectations: reported revenue of roughly $1.775 billion to $1.78 billion was below consensus estimates near $1.96 billion, while adjusted EPS of $0.50 was also below some published consensus figures of $0.58, though above another estimate of $0.47. Kinross also declared a quarterly dividend of $0.04 per share. The earnings release comes after the company lowered production guidance in September, citing weather and operational challenges at La Coipa and Round Mountain, adding context to investor sensitivity around execution.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment