PHOENIX (dpa-AFX) - Freeport-McMoRan Inc. (FCX) released earnings for its third quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $674 million, or $0.46 per share. This compares with $526 million, or $0.36 per share, last year.
Excluding items, Freeport-McMoRan Inc. reported adjusted earnings of $722 million or $0.50 per share for the period.
Analysts on average had expected the company to earn $0.41 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.7% to $6.972 billion from $6.790 billion last year.
Freeport-McMoRan Inc. earnings at a glance (GAAP) :
-Earnings: $674 Mln. vs. $526 Mln. last year. -EPS: $0.46 vs. $0.36 last year. -Revenue: $6.972 Bln vs. $6.790 Bln last year.
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