Freeport's (FCX) Earnings and Revenues Surpass Estimates in Q2
FCXFreeport-McMoRan(FCX) ZACKS·2024-07-23 23:21

Freeport-McMoRan Inc. (FCX) recorded net income (attributable to common stock) of 616millionor42centspershareinsecond−quarter2024,uparound80616 million or 42 cents per share in second-quarter 2024, up around 80% from 343 million or 23 cents in the year-ago quarter.Barring one-time items, adjusted earnings per share were 46 cents, topping the Zacks Consensus Estimate of 39 cents.Revenues rose roughly 15% year over year to 6,624million.ThefiguresurpassedtheZacksConsensusEstimateof6,624 million. The figure surpassed the Zacks Consensus Estimate of 5,985.9 million. The company witnessed higher copper and gold prices in t ...