Why Is Freeport-McMoRan (FCX) Up 6.2% Since Last Earnings Report? [Yahoo! Finance]
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
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US:NYSE Investor Relations:
investors.fcx.com/investors/presentations/default.aspx
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Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Freeport-McMoRan due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Freeport's Earnings and Revenues Surpass Estimates in Q1 Freeport 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 roughly $6.32 billion. The figure also surpassed the Zacks Consensus Estimate of around $5.66 billion. The company witnessed higher copper sales in the reported quarter. It also benefited from higher gold prices and lower costs. Operational Highlights Copper prod
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News
- Copper Supercycle: Protectionist Moves and High Demand Create Perfect StormPR Newswire
- Copper Supercycle: Protectionist Moves and High Demand Create Perfect StormPR Newswire
- Freeport-McMoRan (FCX) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Freeport-McMoRan Is Looking for Ways to Expand Copper Production, CEO Says [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Freeport CEO Kathleen L. Quirk to Receive The Copper Club’s Ankh AwardBusiness Wire
FCX
Earnings
- 4/24/24 - Beat
FCX
Sec Filings
- 6/13/24 - Form 4
- 6/12/24 - Form 8-K
- 6/4/24 - Form 4
- FCX's page on the SEC website