Freeport-McMoRan Inc.
(NYSE:FCX) reported second-quarter results on Thursday that topped Wall Street expectations, as higher realized copper and gold prices and strong operational execution helped offset lower production from its Indonesian operations.
Freeport-McMoRan Q2: Higher Copper Prices Offset Lower Production Adjusted earnings came in at 74 cents per share, beating the analyst consensus estimate of 59 cents.
Revenue totaled $7.03 billion, ahead of the Street estimate of $6.76 billion.
Net income attributable to common stock increased to $984 million, or 68 cents per share, from $772 million, or 53 cents per share, a year earlier.
