PHOENIX – Freeport-McMoRan Inc., one of the leading international metal companies. (NYSE: NYSE:FCX) announced its first quarter 2024 financial results today, beating analyst expectations for both earnings and revenue.
The company reported adjusted earnings per share (EPS) of $0.32, which was $0.03 higher than the analyst estimate of $0.29. Revenue for the quarter also performed strongly at $6.32 billion, significantly beating the consensus estimate of $5.68 billion.
Despite the strong financial performance, the company’s shares fell slightly by 2%.
Freeport-McMoRan’s operations span around the world, including major mining regions such as the Grasberg mineral district in Indonesia, the Morenci mineral district in Arizona, and the Cerro Verde operation in Peru. The company’s focus on responsibly produced copper positions it as a key player in the industry, contributing to global development beyond its operational footprint.