Company News: Freeport-McMoRan (FCX) Q3 results miss consensus

Market news

22 October 2015

Company News: Freeport-McMoRan (FCX) Q3 results miss consensus

Freeport-McMoRan reported Q3 loss of $0.15 per share (versus profit of $0.64 per share in Q3 FY 2014), missing analysts' consensus of $-0.07.

The company's revenues amounted to $3.681 bln (-35.4% y/y), missing consensus estimate of $3.973 bln.

FCX fell to $11.82 (-1.09%) in pre-market trading.

Canadian retail sales gain 0.5% in August

European Central Bank keeps its interest rate unchanged at 0.05% in October

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