Company News: Freeport-McMoRan (FCX) Q4 bottom-line beats expectations

Market news

26 January 2016

Company News: Freeport-McMoRan (FCX) Q4 bottom-line beats expectations

Freeport-McMoRan reported Q4 FY 2015 loss of $0.02 per share (versus earnings of $0.25 in Q4 FY 2014), better than analysts' consensus of -$0.19.

The company's quarterly revenues amounted to $3.795 bln (-27.5% y/y), generally in line with consensus estimate of $3.823 bln.

FCX rose to $4.25 (+7.87%) in pre-market trading.

U.S.: S&P/Case-Shiller Home Price Indices, y/y, November 5.8% (forecast 5.7%)

Option expiries for today's 10:00 ET NY cut

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