Freeport-McMoRan Q3 2024 Adj EPS $0.38 Beats $0.35 Estimate, Sales $6.79B Beat $6.47B Estimate
Portfolio Pulse from Benzinga Newsdesk
Freeport-McMoRan reported Q3 2024 earnings per share of $0.38, surpassing the analyst estimate of $0.35. The company's sales reached $6.79 billion, exceeding the expected $6.47 billion and marking a 16.59% increase from the previous year.
October 22, 2024 | 12:04 pm
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Freeport-McMoRan's Q3 2024 earnings and sales exceeded analyst expectations, with EPS at $0.38 and sales at $6.79 billion, a 16.59% increase from last year.
The positive earnings surprise and significant year-over-year sales growth are likely to boost investor confidence and positively impact FCX's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100