Freeport-McMoRan Q4 Adj. EPS $0.27 Beats $0.22 Estimate, Sales $5.91B Beat $5.86B Estimate
Portfolio Pulse from Benzinga Newsdesk
Freeport-McMoRan (NYSE:FCX) reported Q4 adjusted EPS of $0.27, surpassing the $0.22 estimate, and sales of $5.91B, slightly above the $5.86B estimate. However, EPS decreased by 48.08% compared to last year, while sales saw a modest increase of 2.55%.
January 24, 2024 | 1:04 pm
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Freeport-McMoRan exceeded Q4 EPS and sales estimates but reported a significant decrease in EPS compared to last year.
While FCX beat earnings and sales estimates for Q4, the substantial year-over-year decline in EPS could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
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IMPORTANCE 75
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