Market News

Freeport-McMoran Up After Q3 Earnings Surpass Estimates

Freeport- McMoran (NYSE: FCX) reported Q3 revenues of $5 billion, a drop of 17.8% year-over-year, beating Street estimates by $90 million.

Adjusted earnings for the mining company in Q3 came in at $0.26 per share, surpassing analysts’ estimates of $0.24.

The company’s production of copper and gold also surged in Q3 with volumes above its July guidance.

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