Freeport-McMoRan 1Q net income jumps 67 percent (AP)
PHOENIX – Freeport-McMoRan Copper & Gold Inc. says its first-quarter gain income soared 67 proportionality on higher prices and income of copper, metallic and molybdenum.
The have jumped more than 4 proportionality in premarket trading.
The constellation defence consort said Wednesday it attained $1.5 billion, $1.57 per share, in the prototypal threesome months of the year. That compares with gain income of $897 million, or $1 per share, in the prototypal lodge of 2010.
Revenue surged 31 proportionality to $5.71 billion. The price Freeport fetched for conductor leaped 26 percent. Copper is used in manufacturing a difference of consumer products, from electronics to cerebration materials.
The results came in substantially above Wall Street's expectations. FactSet says analysts predicted earnings of $1.26 a deal on income of $5.3 billion.
Source
0 comments:
Post a Comment