Benzinga | Jul 23, 2020 07:48AM EDT

Freeport-McMoRan Q2 EPS $0.03 Beats $(0.02) Estimate, Sales $3.05B Miss $3.13B Estimate

Freeport-McMoRan (NYSE:FCX) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $(0.02) by 250 percent. This is a 175 percent increase over losses of $(0.04) per share from the same period last year. The company reported quarterly sales of $3.05 billion which missed the analyst consensus estimate of $3.13 billion by 2.43 percent. This is a 13.87 percent decrease over sales of $3.55 billion the same period last year.