Categories Earnings, Industrials

Freeport-McMoRan (FCX): Q3 2019 Earnings Snapshot

Earnings Update by AlphaStreet

— Freeport-McMoRan Inc. (NYSE: FCX) reported Q3 2019 loss of $0.01 per share, vs. $0.00 expected.

— Revenues fell 32% to $3.30 billion, vs. $3.53 billion expected.

— Average realized prices were $2.62 per pound for copper, $1,487 per ounce for gold and $12.89 per pound for molybdenum.

— Average unit net cash costs were $1.59 per pound of copper.

— FCX declared a quarterly cash dividend of $0.05 per share on its common stock, payable on November 1, 2019.

— FCX shares fell 1.3% immediately following the announcement.

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