Freeport-McMoRan (FCX) Lags Q3 Earnings Estimates

Freeport-McMoRan (FCX) came out with quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5%. A quarter ago, it was expected that this mining company would post earnings of $0.39 per share when it actually produced earnings of $0.46, delivering a surprise of 17.95%. Over the last four quarters, the co ...