Company News: Freeport-McMoRan (FCX) Q2 results miss analysts’ estimates

Freeport-McMoRan reported Q2 FY 2016 loss of $0.02 per share (versus income of $0.14 in Q2 FY 2015), missing analysts’ consensus estimate of a loss of $0.01.

The company’s quarterly revenues amounted to $3.334 bln (-15.3% y/y), missing analysts’ consensus estimate of $3.684 bln.

FCX fell to $11.61 (-6.22%) in pre-market trading.

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