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
02/10/201623:21:00IMPORTANT SHAREHOLDER NOTICE: Khang & Khang LLP Announces an...
02/10/201615:44:00STOCK ALERT: Rosen Law Firm Reminds Freeport-McMoRan Inc. Investors...
02/10/201610:48:42Amended Statement of Ownership (sc 13g/a)
02/09/201608:00:00SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders With...
02/08/201620:00:00Brower Piven Encourages Investors Who Have Losses in Excess of...
02/04/201618:01:32Statement of Changes in Beneficial Ownership (4)
02/04/201618:01:32Statement of Changes in Beneficial Ownership (4)
02/04/201618:01:02Statement of Changes in Beneficial Ownership (4)
02/04/201617:59:09Statement of Changes in Beneficial Ownership (4)
02/04/201617:57:14Initial Statement of Beneficial Ownership (3)
02/04/201617:57:14Statement of Changes in Beneficial Ownership (4)
02/02/201618:30:00Stull, Stull & Brody Announces Class Action Suit on Behalf of...
02/01/201614:53:04SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notify Investors...
02/01/201610:30:00INVESTOR ALERT: Investigation of Freeport-McMoRan Inc. Announced...
02/01/201608:30:00Hagens Berman Advises Freeport-McMoran Inc. (NYSE: FCX) Investors...
01/29/201620:35:00INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action...
01/29/201606:00:00Brazil's Vale Set to Scrap Dividend
01/28/201615:49:00FREEPORT-MCMORAN INC. Shareholder Alert: Former SEC Attorney...
01/28/201610:30:00Glancy Prongay & Murray Commences Investigation on Behalf of...
01/28/201609:11:00Law Offices of Marc S. Henzel Announces Investigation of Companies...

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