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Stock impact report

Freeport's (FCX) Earnings and Revenues Surpass Estimates in Q1 [Yahoo! Finance]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
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 reported quarter. It also benefited from higher gold prices and lower costs. Freeport-McMoRan Inc. Price, Consensus and EPS Surprise Freeport-McMoRan Inc. price-consensus-eps-surprise-chart | Freeport-McMoRan Inc. Quote Operational Highlights Copper production rose around 12% year over year to 1,085 million pounds in the reported quarter. The figure was ahead of our estimate of 1,025 million pounds. Consolidated sales climbed around 33% year over year to 1,108 million pounds of copper. The figure was higher than our estimate of 1,001 million pounds. The upside can be attributed to higher mining and milling rates and ore grades at PT-FI. The company sold 568,000 ounces of go Show less Read more
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