Summary
Freeport-Mcmoran Misses
Freeport-Mcmoran (FCX) reported Quarter December 2020 earnings of $0.38 per share on revenue of $4.5 billion. The consensus earnings estimate was $0.39 per share on revenue of $4.3 billion. The Earnings Whisper number was $0.43 per share. Revenue grew 14.9% on a year-over-year basis.
Freeport-McMoRan Inc, formerly Freeport-McMoRan Copper & Gold, deals in the mining of copper, gold and molybdenum.
Results
Reported Earnings
$0.38
Earnings Whisper
$0.43
Consensus Estimate
$0.39
Reported Revenue
$4.50 Bil
Revenue Estimate
$4.28 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Freeport-McMoRan Fourth-Quarter and Year Ended 2020 Financial Results Release Available on its Website
PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) today announced that it has posted its fourth-quarter and year ended 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/20210126005624/en/
As previously indicated on its website, FCX will host a conference call today with securities analysts at 10:00 a.m. Eastern Time to discuss quarterly and year end 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, February 26, 2021.
FREEPORT: Foremost in Copper
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.
By supplying responsibly produced copper, FCX is proud to be a positive contributor to the world well beyond its operational boundaries. 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/20210126005624/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.
