Freeport-McMoRan Reports Second-Quarter and Six-Month 2019 Results
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Freeport-McMoran (FCX) Tops Q2 EPS by 1c, Revenues Beat
July 24, 2019 8:02 AM EDTFreeport-McMoran (NYSE: FCX) reported Q2 EPS of ($0.04), $0.01 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $3.55 billion versus the consensus estimate of $3.52 billion.
Net loss attributable to common stock totaled $72 million, $0.05 per share, in second-quarter 2019. After adjusting for net charges of $14 million, $0.01 per share, second-quarter 2019 adjusted net loss attributable to common stock totaled $58 million, $0.04 per share.Consolidated sales totaled 807 million pounds of copper, 189 thousand ounces of gold and 24 million pounds of molybdenum in second-quarter 2019.Consolidated sales for the year 2019 are expected to approximate 3.3 billion pounds of... More