PHOENIX (dpa-AFX) - Freeport-McMoRan Inc. (FCX) Thursday said its second-quarter net loss attributable to common stock was $1.85 billion or $1.78 per share, compared to profit of $482 million or $0.46 per share last year.
After adjusting for net charges totaling $1.92 per share, adjusted net income attributable to common stock totaled $143 million, $0.14 per share.
On average, 18 analysts polled by Thomson Reuters expected earnings of $0.07 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues declined to $4.248 billion from $5.522 billion in the prior year. Analysts expected revenues of $4.28 billion.
According to the company, its results reflected strong operating performance in the global mining business, and solid production results and continued positive drilling and development results in the oil and gas operations.
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