Gold Fields Expects Lower 2017 Earnings
February 08 2018 - 8:39AM
Dow Jones News
By Maryam Cockar
Gold Fields Ltd. (GFI.JO) said Thursday that it expects headline
earnings for 2017 to drop by as much as 12% on year, citing an
increase in amortization.
The South African miner forecasts 2017 headline earnings per
share at between $0.23 and $0.26, compared with the $0.26 a share
reported in 2016, it said.
Basic loss per share for 2017 is expected to be between $0.22
and $0.25, compared with earnings of $0.20 a share a year
earlier.
Gold Fields said that normalized earnings are expected to be 21%
to 33% lower than the $0.24 a share reported in 2016, giving a
range of between $0.16 and $0.19 a share for 2017.
At 1251 GMT, shares were down 2.58 South African rand ($0.22) at
47.19 rand.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
February 08, 2018 08:24 ET (13:24 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Gold Fields (NYSE:GFI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Gold Fields (NYSE:GFI)
Historical Stock Chart
From Apr 2023 to Apr 2024