Freeport-McMoRan Reports Third-Quarter and Nine-Month 2019 Results
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Freeport-McMoran (FCX) Misses Q3 EPS by 9c, Revenues Miss
October 23, 2019 8:06 AM EDTFreeport-McMoran (NYSE: FCX) reported Q3 EPS of ($0.09), $0.09 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $3.3 billion versus the consensus estimate of $3.55 billion.
Net loss attributable to common stock totaled $131 million, $0.09 per share, in third-quarter 2019. After adjusting for net charges of $123 million, $0.08 per share, third-quarter 2019 adjusted net loss attributable to common stock totaled $8 million, $0.01 per share.Consolidated sales totaled 795 million pounds of copper, 243 thousand ounces of gold and 22 million pounds of molybdenum in third-quarter 2019. Consolidated production totaled 864 million pounds of copper and 333 thousand ounces of gold in... More