Freeport-mcmoran Earnings Beat Estimates on Rising Copper Prices

Dow Jones07-23 21:51

Freeport-McMoRan's latest earnings outpaced expectations, as the copper mining giant received a boost from favorable pricing in the second quarter.

Freeport-McMoRan on Thursday reported adjusted earnings of 74 cents a share, up from 54 cents a year ago and above Wall Street's expectation for 62 cents. Revenue fell 7% to $7.03 billion from a year earlier, but still beat the analyst consensus call for $6.71 billion, according to FactSet.

The stock, however, fell 2.2% to $63.56 after the market open Thursday.

Write to Kit Norton at kit.norton@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

July 23, 2026 09:51 ET (13:51 GMT)

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