Company News: Freeport-McMoRan (FCX) quarterly earnings miss analysts’ expectations

Market news

25 April 2019

Company News: Freeport-McMoRan (FCX) quarterly earnings miss analysts’ expectations

Freeport-McMoRan (FCX) reported Q1 FY 2019 earnings of $0.05 per share (versus $0.46 in Q1 FY 2018), missing analysts’ consensus of $0.08.

The company’s quarterly revenues amounted to $3.792 bln (-22.1% y/y), generally in line with analysts’ consensus estimate of $3.765 bln.

FCX fell to $13.55 (-0.22%) in pre-market trading.

U.S.: Durable goods orders ex defense, March 2.3% (forecast 0.1%)

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