Freeport-McMoRan Q3 2024 Earnings Show Significant Revenue Increase
Tuesday, 22 October 2024, 16:50
Freeport-McMoRan Q3 2024 Earnings Highlights
Mining company Freeport-McMoRan Inc. (NYSE: FCX) has announced its financial results for the third quarter of 2024, showcasing significant growth in revenues. The net income attributable to common stock totaled $526 million, translating to $0.36 per share, an increase from $454 million or $0.31 per share in the prior year.
Key Financial Metrics
- Adjusted Earnings: $0.38 per share in Q3, compared to $0.39 last year.
- Consolidated Production: 1.1 billion pounds of copper, 456,000 ounces of gold, and 20 million pounds of molybdenum.
- Total Sales: 1.0 billion pounds of copper, 558,000 ounces of gold, and 19 million pounds of molybdenum.
- Revenue Increase: Q3 revenues surged to $6.79 billion from $5.82 billion in the same timeframe last year.
- Operating Cash Flow: $1.9 billion in Q3, compared to $1.24 billion a year earlier.
As these numbers reflect the financial resilience of Freeport-McMoRan, investors are keenly observing FCX stock analysis and potential market forecasts.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.