Freeport-McMoRan Inc. Q4 Profit Decreases, but beats estimates
(RTTNews) - Freeport-McMoRan Inc. (FCX) reported earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $0.70 billion, or $0.48 per share. This compares with $1.11 billion, or $0.74 per share, in last year's fourth quarter.
Excluding items, Freeport-McMoRan Inc. reported adjusted earnings of $0.75 billion or $0.52 per share for the period.
Analysts on average had expected the company to earn $0.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
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