Freeport-McMoRan beats by $0.01, beats on revs
- Reports Q3 (Sep) earnings of $0.38 per share, excluding non-recurring items, $0.01 better than the FactSet Consensus of $0.37; revenues rose 16.6% year/year to $6.79 bln vs the $6.45 bln FactSet Consensus.
- Consolidated production totaled 1.1 bln pounds of copper, 456 thousand ounces of gold and 20 mln pounds of molybdenum in Q3.
- Consolidated sales totaled 1.0 bln pounds of copper, 558 thousand ounces of gold and 19 mln pounds of molybdenum in Q3.
- 2024 Outlook: Consolidated sales are expected to approximate 4.1 bln pounds of copper, 1.8 mln ounces of gold and 80 mln pounds of molybdenum for the year 2024, including 980 million pounds of copper, 340 thousand ounces of gold and 20 million pounds of molybdenum in Q4.