Freeport-McMoRan Inc. reported a robust first-quarter profit of $1.53 billion, or $1.07 per share, surpassing analyst expectations and reflecting a 59% rise in gold sales and a 24% increase in copper sales. The company's revenues reached $6.6 billion, exceeding the Zacks Consensus Estimate by 4.34%. Despite a year-to-date share increase of 7.2%, the stock experienced a notable slump of over 10%. In a commitment to corporate social responsibility, Freeport-McMoRan raised more than $10 million in matching funds for nonprofit initiatives.
“Freeport-McMoRan Inc. · has · Earnings ESP · +5.07%”
“Freeport-McMoRan Inc. · recorded · earnings surprises · 4.6% average beat”
“Freeport-McMoRan · raised · total amount with matching funds · more than $10 million”
“Freeport-McMoRan · partners with · United Way · to raise funds for nonprofit agencies”
“Freeport-McMoRan Foundation · double matched · employee contributions · of $25 or more up to the first $1,000 contributed”
“Freeport-McMoRan Foundation · single matched · any amount exceeding $1,000 · exceeding $1,000”
“Freeport McMoran · shares are up · year-to-date · 7.2%”
“Freeport McMoran · forward P/E · 2022 · 12.7”
“Freeport McMoran · dividend yield · current · 1.2%”
“Shares of Freeport-McMoRan · slumped · stock price · more than 10%”
“Freeport-McMoRan · sold · copper · 1 billion pounds”
“Freeport-McMoRan · sold · gold · 409,000 ounces”
