Summary
Freeport-Mcmoran Beats
Freeport-Mcmoran (FCX) reported 2nd Quarter June 2020 earnings of $0.03 per share on revenue of $3.1 billion. The consensus estimate was a loss of $0.03 per share on revenue of $2.7 billion. The Earnings Whisper number was $0.01 per share. Revenue fell 13.9% compared to the same quarter a year ago.
Freeport-McMoRan Inc, formerly Freeport-McMoRan Copper & Gold, deals in the mining of copper, gold and molybdenum.
Results
Reported Earnings
$0.03
Earnings Whisper
$0.01
Consensus Estimate
($0.03)
Reported Revenue
$3.05 Bil
Revenue Estimate
$2.68 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Freeport-McMoRan Second-Quarter 2020 Financial Results Release Available on its Website
PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) today announced that it has posted its second-quarter 2020 financial and operating results press release on the Investor Relations page of its website at https://investors.fcx.com/investors/news-releases.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200723005443/en/
As previously announced, FCX will host a conference call today with securities analysts at 10:00 a.m. Eastern Time to discuss the revised plans and quarterly results. The conference call will be webcast on the Internet along with slides. Interested parties may listen to the conference call live and view the slides on the Investor Relations page of FCX’s website at https://investors.fcx.com/investors/presentations. A replay of the webcast will be available through Friday, August 21, 2020.
FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX is one of the world's largest publicly traded copper producers.
FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world's largest copper and gold deposits; and significant mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru. Additional information about FCX is available on FCX's website at "fcx.com."
View source version on businesswire.com: https://www.businesswire.com/news/home/20200723005443/en/
Financial Contacts:
Kathleen L. Quirk
(602) 366-8016
David P. Joint
(504) 582-4203
Media Contact:
Linda S. Hayes
(602) 366-7824
Source: Freeport-McMoRan Inc.
