From Financial Modeling Prep: 2025-04-24 17:12:00

Freeport-McMoRan (NYSE:FCX) exceeded expectations with first-quarter results, reporting a net income of $352 million, or $0.24 per share, and revenue of $5.73 billion. Copper sales of 872 million pounds surpassed forecasts, with an average price of $4.44 per pound. Gold volumes declined due to shipment timing, but Freeport maintained its full-year outlook, projecting sales of 4.0 billion pounds of copper and 1.6 million ounces of gold in 2025. Operating cash flow for the quarter was $1.1 billion, with a full-year forecast of $7 billion. Shares rose nearly 7% on the news.



Read more at Financial Modeling Prep:: Freeport-McMoRan Tops Q1 Estimates, Stock Gains 7%