PHOENIX - Freeport-McMoRan Inc. (NYSE: NYSE:FCX), a leading international metals company, announced its first-quarter 2024 financial results today, surpassing analyst expectations for both earnings and revenue.
The company reported adjusted earnings per share (EPS) of $0.32, which was $0.03 higher than the analyst estimate of $0.29. Revenue for the quarter was also robust, coming in at $6.32 billion, significantly outperforming the consensus estimate of $5.68 billion.
Despite the strong financial performance, the company's stock experienced a slight decline, down by 2%.
Freeport-McMoRan's operations span across the globe, including significant mining districts such as the Grasberg minerals district in Indonesia, the Morenci minerals district in Arizona, and the Cerro Verde operation in Peru. The company's focus on responsibly produced copper positions it as a key player in the industry, contributing to global development beyond its operational footprint.
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