Freeport's (FCX) Earnings and Revenues Surpass Estimates in Q1
Freeport-McMoRan(FCX) Zacks Investment Research·2024-04-23 22:31
Freeport-McMoRan Inc. (FCX) recorded net income (attributable to common stock) of $473 million or 32 cents per share in first-quarter 2024, down around 29% from $663 million or 46 cents in the year-ago quarter.Barring one-time items, adjusted earnings per share were 32 cents, topping the Zacks Consensus Estimate of 27 cents.Revenues rose roughly 17% year over year to $6,321 million. The figure also surpassed the Zacks Consensus Estimate of $5,657.1 million. The company witnessed higher copper sales in the r ...