Freeport's (FCX) Earnings and Revenues Surpass Estimates in Q4

Freeport-McMoRan Inc. (FCX) recorded net income (attributable to common stock) of $388 million or 27 cents per share in fourth-quarter 2023, down around 44.3% from $697 million or 48 cents in the year-ago quarter.Barring one-time items, adjusted earnings per share came in at 27 cents, topping the Zacks Consensus Estimate of 21 cents.Revenues rose nearly 2.6% year over year to $5,905 million. The figure also surpassed the Zacks Consensus Estimate of $5,820.7 million. The company witnessed higher copper sales ...