Company News: Freeport-McMoRan (FCX) Posts Q1 Results in Line With Analysts' Estimates

Market news

26 April 2016

Company News: Freeport-McMoRan (FCX) Posts Q1 Results in Line With Analysts' Estimates

Freeport-McMoRan reported Q1 FY 2016 net losses of $0.16 per share (versus net losses of $0.06 in Q1 FY 2015), in-line with analysts' consensus estimate.

The company's quarterly revenues amounted to $3.527 bln (-15.1% y/y), generally in-line with consensus estimate of $3.524 bln.

FCX rose to $11.44 (+0.79%) in pre-market trading.

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