Freeport-McMoRan Reports Second-Quarter and Six-Month 2018 Results
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Freeport-McMoran (FCX) Tops Q2 EPS by 6c, Revenues Beat
July 25, 2018 8:02 AM EDTFreeport-McMoran (NYSE: FCX) reported Q2 EPS of $0.58, $0.06 better than the analyst estimate of $0.52. Revenue for the quarter came in at $5.17 billion versus the consensus estimate of $4.94 billion.
Net income attributable to common stock totaled $869 million, $0.59 per share, in second-quarter 2018. After adjusting for net gains of $16 million, $0.01 per share, second-quarter 2018 adjusted net income attributable to common stock totaled $853 million, $0.58 per share.Consolidated sales totaled 989 million pounds of copper, 676 thousand ounces of gold and 24 million pounds of molybdenum in second-quarter 2018.Consolidated sales for the year 2018 are expected to approximate 3.8 billion pounds of... More