Reported about 8 hours ago
Freeport-McMoRan exceeded fourth-quarter profit estimates, primarily driven by increased copper prices, despite a 5% drop in production. The average copper price rose to $4.15 per pound, influenced by anticipated economic stimulus in China and lower inventories. However, the company's revenue fell short of forecasts at $5.72 billion, leading to a 3.4% decline in stock price during pre-market trading.
Source: YAHOO