Company News: Freeport-McMoRan (FCX) quarterly earnings beat analysts’ forecast

Market news

23 October 2019

Company News: Freeport-McMoRan (FCX) quarterly earnings beat analysts’ forecast

Freeport-McMoRan (FCX) reported Q3 FY 2019 earnings of $0.01 per share (versus $0.35 in Q3 FY 2018), beating analysts’ consensus estimate of $0.00.

The company’s quarterly revenues amounted to $3.308 bln (-32.6% y/y), missing analysts’ consensus estimate of $3.494 bln.

FCX fell to $9.75 (-1.81%) in pre-market trading.

USD/CAD moves sideways near 1.31, waiting for next catalyst

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