Freeport-McMoran (FCX) drops after profit plunges

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Go back to Freeport-McMoran (FCX) drops after profit plunges

U.S. stocks were wobbling amid mixed earnings reports

April 21, 2023 10:21 AM EDT

By Liz Moyer


Investing.com -- U.S. stocks were wobbling early on Friday as mixed earnings reports weighed on sentiment.


At 10:03 ET (14:03 GMT), the Dow Jones Industrial Average was down 56 points, or 0.2%, while the S&P 500 was down 0.3% and the NASDAQ Composite was down 0.6%.


Procter&Gamble Company (NYSE:... More

Freeport-McMoRan signals more pain from labor shortages as profit slumps

April 21, 2023 8:15 AM EDT

By Ankit Kumar

(Reuters) -Freeport-McMoRan Inc's first-quarter profit more than halved as the copper miner struggled with an industry-wide talent crunch and warned that tight labor market conditions would persist in the U.S. through the year.

Its shares fell 5.6% to $39 on Friday after the company also cautioned that protests in Peru remain an "ongoing risk".

Copper mining giants are scrambling to attract and retain workers, especially in the... More

Freeport-McMoran (FCX) Tops Q1 EPS by 9c

April 21, 2023 8:02 AM EDT

Freeport-McMoran (NYSE: FCX) reported Q1 EPS of $0.52, $0.09 better than the analyst estimate of $0.43. Revenue for the quarter came in at $5.4 billion versus the consensus estimate of $5.2 billion.

For earnings history and earnings-related data on Freeport-McMoran (FCX) click here.

... More