Freeport-McMoRan Q3 Adj EPS $0.39 Beats $0.34 Estimate, Sales $5.82B Beat $5.41B Estimate
Portfolio Pulse from Benzinga Newsdesk
Freeport-McMoRan (NYSE:FCX) reported Q3 earnings of $0.39 per share, beating the analyst consensus estimate of $0.34 by 14.71%. This is a 50% increase from the same period last year. The company also reported quarterly sales of $5.82 billion, beating the analyst consensus estimate of $5.41 billion by 7.65%, a 16.41% increase from the same period last year.
October 19, 2023 | 12:06 pm
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Freeport-McMoRan's Q3 earnings and sales exceeded analyst estimates, indicating a strong financial performance.
Freeport-McMoRan's Q3 earnings and sales beat analyst estimates, which is a positive signal for the company's financial performance. This could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100