Company News: Freeport-McMoRan (FCX) posts surprise quarterly profit

Market news

23 July 2020

Company News: Freeport-McMoRan (FCX) posts surprise quarterly profit

Freeport-McMoRan (FCX) reported Q2 FY 2020 earnings of $0.03 per share (versus -$0.04 per share in Q2 FY 2019), beating analysts’ consensus estimate of -$0.03 per share.

The company’s quarterly revenues amounted to $3.054 bln (-13.9% y/y), generally in line with analysts’ consensus estimate of $3.057 bln.

FCX rose to $13.70 (+0.59%) in pre-market trading.

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