FreeportMcMoRan Q1 Profit Down But Beats Street

PHOENIX (dpa-AFX) – Mining company Freeport-McMoRan Inc. (FCX) Friday reported lower profit in the first quarter, impacted primarily by decline in production as well as pricing. However, the company’s earnings and revenue beat analysts’ view. Profit for the first quarter decreased to $663 million, $0.46 per share from $1.527 billion…Read More