Freeport's (FCX) Earnings and Revenues Surpass Estimates in Q1

Published on 23 Apr 2024 on Zacks via Yahoo Finance

Freeport's (FCX) Earnings and Revenues Surpass Estimates in Q1

Freeport-McMoRan Inc. FCX recorded net income (attributable to common stock) of $473 million or 32 cents per share in first-quarter 2024, down around 29% from $663 million or 46 cents in the year-ago quarter.Barring one-time items, adjusted earnings per share were 32 cents, topping the Zacks Consensus Estimate of 27 cents.Revenues rose roughly 17% year over year to $6,321 million. The figure also surpassed the Zacks Consensus Estimate of $5,657.1 million. The company witnessed higher copper sales in the reported quarter. It also benefited from higher gold prices and lower costs.

Freeport-McMoRan Inc. Price, Consensus and EPS Surprise

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Freeport's (FCX) Earnings and Revenues Surpass Estimates in Q1

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