Company News: Freeport-McMoRan (FCX) quarterly results miss analysts’ estimates

Market news

24 January 2019

Company News: Freeport-McMoRan (FCX) quarterly results miss analysts’ estimates

Freeport-McMoRan (FCX) reported Q4 FY 2018 earnings of $0.11 per share (versus $0.51 in Q4 FY 2017), missing analysts’ consensus estimate of $0.19.

The company’s quarterly revenues amounted to $3.684 bln (-26.9% y/y), missing analysts’ consensus estimate of $3.858 bln.

FCX fell to $11.75 (-4.55%) in pre-market trading.

U.S.: Continuing Jobless Claims, 1713 (forecast 1735)

ECB holds interest rates unchanged, as expected

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