ADVFN - Advanced Financial Network.
HOME» NYSE » F » FCX Stock Price » FCX Stock News

Freeport Mcmoran Share News

 Freeport-mcmoran Copper & Gold Inc. Stock Price
FCX Stock Price
 Freeport-mcmoran Copper & Gold Inc. Stock Chart
FCX Stock Chart
 Freeport-mcmoran Copper & Gold Inc. Stock News
FCX Stock News
 Freeport-mcmoran Copper & Gold Inc. Company Information
FCX Company Information
 Freeport-mcmoran Copper & Gold Inc. Stock Trades
FCX Stock Trades

Freeport-McMoRan 2Q Net Down 48% on Lower Revenue, Production

By Victoria Stilwell Freeport-McMoRan Copper & Gold Inc.'s (FCX) second-quarter earnings tumbled 48% as the company reported lower revenue and production but forecast a rise in future copper production. The company Thursday said it is on track to increase its annual copper production by more than 25% during the next three years through brownfield investments. The copper producer, whose operations span four continents, saw results improve in past quarters on higher prices for gold and copper, though copper prices have recently leveled. Freeport-McMoran and a subsidiary in April agreed to pay $6.8 million to settle federal and state natural resource damage claims related to its Morenci copper mine in Arizona. The mine was acquired by Freeport-McMoran in 2007, and the complaint alleged that the release of hazardous substances from the mine site damaged or destroyed parts of the environment. Freeport-McMoran reported a profit of $710 million, or 74 cents a share, down from $1.37 billion, or $1.43 a share, a year earlier. The most recent quarter's results include per-share charges of 6 cents for adjustments to environmental obligations and related litigation reserves, while last year's results included a 4-cent per-share charge on similar expenses. Revenue dropped 23% to $4.48 billion. Analysts surveyed by Thomson Reuters recently predicted earnings of 75 cents a share on revenue of $4.43 billion. Copper production fell 8.3% while gold production fell 28%. Molybdenum output declined 9.1%. Realized prices of copper decreased 16% while gold prices rose 5.2%. Shares rose 1.3% to $33.46 in recent premarket trade. The stock is off 41% in the last 12 months through Wednesday's close. Write to Victoria Stilwell at Victoria.Stilwell@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Freeport Mcmoran (FCX)
DateTimeHeadline
04/28/201608:07:23Additional Proxy Soliciting Materials (definitive) (defa14a)
04/28/201608:05:11Proxy Statement (definitive) (def 14a)
04/26/201616:33:00Materials Up as Dollar Weakens -- Materials Roundup
04/26/201614:39:00Freeport-McMoRan Loss Widens, Unveils Job Cuts -- Update
04/26/201612:53:44Current Report Filing (8-k)
04/26/201609:30:00Freeport-McMoRan Loss Widens, Unveils Job Cuts
04/26/201609:17:00Freeport-McMoRan Loss Widens, Unveils Job Cuts in Oil-And-Gas...
04/26/201608:00:00Freeport-McMoRan Reports First-Quarter 2016 Results
04/15/201617:21:57Proxy Statement - Notice of Shareholders Meeting (preliminary...
04/05/201616:47:46Current Report Filing (8-k)
04/05/201608:00:00Freeport-McMoRan Announces New Organizational Structure for Oil...
04/04/201617:37:45Statement of Changes in Beneficial Ownership (4)
04/04/201617:36:28Statement of Changes in Beneficial Ownership (4)
04/04/201617:36:28Statement of Changes in Beneficial Ownership (4)
04/04/201617:36:28Statement of Changes in Beneficial Ownership (4)
03/29/201610:06:00MARKET SNAPSHOT: U.S. Stocks Fall, Tracking Drop In Oil Prices...
03/29/201610:06:00MARKET SNAPSHOT: U.S. Stocks Fall, Tracking Drop In Oil Prices...
03/24/201617:48:004-Day Deadline Alert: Lundin Law PC Announces Securities Class...
03/23/201615:45:48SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders...
03/23/201614:24:00MARCH 28 DEADLINE: Lundin Law PC Announces Investigation of Freeport-McMoRan...

Freeport Mcmoran and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad