Freeport-McMoran (FCX) Tops Q1 EPS by 1c

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Go back to Freeport-McMoran (FCX) Tops Q1 EPS by 1c

Freeport-McMoRan Reports First-Quarter 2015 Results

April 23, 2015 8:00 AM EDT

PHOENIX--(BUSINESS WIRE)-- Freeport-McMoRan Inc. (NYSE: FCX):

Net loss attributable to common stock totaled $2.5 billion, $2.38 per share, for first-quarter 2015, compared with net income attributable to common stock of $510 million, $0.49 per share, for first-quarter 2014. After adjusting for net charges totaling $2.4 billion, $2.32 per share, primarily for the reduction of the carrying value of oil and gas properties and the related tax charge to establish a deferred tax valuation allowance, adjusted net loss attributable to common stock totaled $60 million, $0.06 per share, for first-quarter 2015. Consolidated sales totaled 960 million... More