Freeport McMoRan Surpasses Quarterly Profit Estimates
The miner reported an adjusted profit of 57 cents per share for the first quarter. Higher copper prices and strong demand helped the company beat expectations.
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FREEPORT-MCMORAN INC has exceeded Wall Street expectations for its first-quarter earnings, driven significantly by a surge in the global price of Copper. The mining giant reported an adjusted profit of 57 cents per share for the period ending March 31, surpassing the average analyst estimate of 46 cents per share, according to data from LSEG.
