Company News: Freeport-McMoRan (FCX) posts smaller-than-forecast quarterly loss

Market news

24 July 2019

Company News: Freeport-McMoRan (FCX) posts smaller-than-forecast quarterly loss

Freeport-McMoRan (FCX) reported Q2 FY 2019 loss of $0.04 per share (versus earnings of $0.59 in Q2 FY 2018), beating analysts’ consensus estimate of -$0.05.

The company’s quarterly revenues amounted to $3.546 bln (-31.4% y/y), generally in line with analysts’ consensus estimate of $3.538 bln.

FCX fell to $11.46 (-1.63%) in pre-market trading.

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