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Freeport-McMoRan’s 1Q18 Earnings: Reading between the Lines

Freeport-McMoRan’s 1Q18 Earnings: Reading between the Lines

Freeport-McMoRan (FCX) released its 1Q18 earnings today and reported revenues of $4.8 billion. Freeport’s 1Q18 adjusted EPS (earnings per share) from continuing operations were $0.46, versus $0.13 in the corresponding quarter last year. Despite the sharp yearly increase, Freeport’s 1Q18 earnings fell short of expectations.