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

Market news

24 April 2020

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

Freeport-McMoRan (FCX) reported Q1 FY 2020 loss of $0.18 per share (versus earnings of $0.05 per share in Q1 FY 2019), worse than analysts' consensus estimate of -$0.17 per share.

The company's quarterly revenues amounted to $2.798 bln (-26.2% y/y), missing analysts' consensus estimate of $2.982 bln.

FCX rose to $7.95 (+1.79%) in pre-market trading.

U.S.: Durable Goods Orders , March -14.4% (forecast -11.9%)

EU's chief Brexit negotiator Barnier: UK cannot impose very short calendar for negotiations and at the same time not move

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