| Freeport-McMoran beats Street 3Q forecasts | |
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PHOENIX (AP) -- Freeport-McMoran Copper & Gold Inc. (FCX) on Tuesday reported third-quarter earnings of $552 million.
The Phoenix-based company said it had profit of 53 cents per share. Earnings, adjusted for non-recurring costs, were 64 cents per share.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The mining company posted revenue of $5.7 billion in the period, also surpassing Street forecasts. Analysts expected $5.6 billion, according to Zacks.
Freeport-McMoran shares have fallen 20 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 6 percent. The stock has fallen 19 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. FCX stock research report from Zacks.
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Keywords:Freeport-McMoran,Earnings Report
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : FCX |
ISIN : US35671D8570 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Freeport McMoran is a copper and gold producing company based in United states of america. Freeport McMoran produces copper, gold, cobalt, molybdenum and silver in Chile, in Congo Dem. Rep. of, in Indonesia and in Peru, develops copper in Peru, and holds various exploration projects in Chile. Its main assets in production are CANDELARIA, EL ABRA, CHINO - MILL, HENDERSON, MIAMI - ROM LEACH, MORENCI - MILL, OJOS DEL SALADO, MORENCI and MORENCI - ROM LEACH in Chile, GRASBERG, SIERRITA and BAGDAD in Indonesia, TENKE FUNGURUME and TYRONE in Congo Dem. Rep. of and CERRO VERDE in Peru, its main asset in development is SAFFORD in Peru and its main exploration properties are BAGDAD - ROM LEACH and CHINO - ROM LEACH in Peru and CERRO VERDE - MILL, CERRO VERDE - CRUSHED LEACH, CERRO VERDE - ROM LEACH, EL ABRA - ROM LEACH and CLIMAX in Chile. Freeport McMoran is listed in Germany and in United States of America. Its market capitalisation is 2.1 billions as of today (€ 1.9 billions). Its stock quote reached its lowest recent point on March 06, 2020 at 10.00, and its highest recent level on September 19, 2024 at 45.23. Freeport McMoran has 47 442 200 shares outstanding. |