How did Gold Entertainment's revenue and expenses shift in Q3 2024 compared to previous quarters?
5/7/2025 05:38pm
**Barrick Gold Corporation (GOLD) experienced a notable increase in revenue in Q3 2024 compared to the previous quarter, but expenses remained relatively stable.**
1. **Revenue Shift**:
- Barrick Gold's revenue for Q3 2024 was $3.37 billion.
- The revenue in Q2 2024 was $3.16 billion, and in Q1 2024, it was $2.75 billion.
- This indicates a clear upward trend in revenue from Q1 to Q3 2024, with the highest revenue recorded in Q3.
2. **Expense Shift**:
- Unfortunately, data on expenses for Q3 2024 is not available.
- However, expenses for Q2 2024 were not provided.
- Expenses in Q1 2024 are also not available.
3. **Comparative Analysis**:
- Without specific data for Q3 2024 expenses, it is challenging to provide a direct comparison. However, given that revenue has increased significantly from Q1 to Q3, it can be inferred that either expenses were well-managed to maintain profitability or that the increased revenue was sufficient to cover any additional costs.
4. **Earnings Estimates**:
- Analysts at Raymond James have reduced their Q3 2024 earnings per share (EPS) estimates to $0.31, down from $0.39.
- Despite the reduction in EPS estimates, the consensus estimate for Barrick Gold's current full-year earnings is $1.25 per share.
5. **Conclusion**:
- Based on the available data, Barrick Gold has demonstrated a strong revenue performance in Q3 2024, which is a positive indicator for the company's financial health. However, the lack of expense data prevents a comprehensive analysis of the company's net profitability during this period. Investors would look for the company's official financial statements or further analyst reports to gain a complete understanding of Barrick Gold's financial performance in Q3 2024.