UPDATE 2-Freeport posts loss on lower copper output, prices [Reuters]
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
investors.fcx.com/investors/presentations/default.aspx
Company Research
Source: Reuters
Freeport posts loss on lower copper output, prices (Reuters) - Freeport McMoRan Inc ( FCX.N The company has been shifting to underground mining from open cast at its giant Grasberg mine in Indonesia and had previously warned that production would take a hit. The drawn out Sino-U.S. trade war and fears of slowing global growth have forced some of the biggest copper consumers, including China, to curb their appetite for the metal, pushing down prices. The average price Freeport received for copper fell 6.4% to $2.62 per pound in the third quarter, while production fell 14%. Gold output tumbled 56.2%. Freeport also said copper sales were lower in South America, dented by lower grades and recovery rates at its Cerro Verde mine in Peru. The company reported a net loss of $131 million, or 9 cents per share, compared with a profit of $556 million, or 38 cents per share, a year earlier. Excluding items, the company posted a loss of 1 cent per share, in line with estimates, according to IBES d
Show less
Read more
Impact Snapshot
Event Time:
FCX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FCX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FCX alerts
High impacting Freeport-McMoRan, Inc. news events
Weekly update
A roundup of the hottest topics
FCX
News
- Freeport-McMoRan Inc. (FCX) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- Freeport-McMoRan (FCX) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures [Yahoo! Finance]Yahoo! Finance
- Freeport (FCX) to Report Q1 Earnings: What's in the Offing? [Yahoo! Finance]Yahoo! Finance
- Rio Tinto aims to keep Resolution's copper in US, executive says [Reuters]Reuters
- Buenaventura Announces First Quarter 2024 Results for Production and Volume Sold per Metal [Yahoo! Finance]Yahoo! Finance
FCX
Earnings
- 1/25/24 - Beat
FCX
Sec Filings
- 4/16/24 - Form PRE
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- FCX's page on the SEC website