Earlier: Freeport-McMoRan Q2 Adj. EPS $0.74 Beats $0.59 Estimate, Sales $7.029B Beat $6.760B Estimate
Freeport-McMoRan (NYSE:FCX) reported quarterly earnings of $0.74 per share which beat the analyst consensus estimate of $0.59 by 25.42 percent. This is a 37.04 percent increase over earnings of $0.54 per share from the
Freeport-McMoRan made more money than experts thought it would—both in profit and total sales. When a company beats expectations like this, it's a sign the business is doing really well and people may feel more confident about it.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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