Freeport-McMoran beats second-quarter profit estimates

Reuters | July 23, 2024 | 7:01 am Top Companies USA Copper 
Congo takes Freeport, Lundin to court over sale of Tenke Fungurume
Aerial view of the processing plant at the Tenke Fungurume in 2015. (Image courtesy of Freeport-McMoRan Copper & Gold)

Miner Freeport-McMoran beat second-quarter profit estimates on Tuesday, benefiting from higher copper prices.

The company reported an adjusted profit of 46 cents per share for the quarter ended June 30, compared with analysts’ average estimate of 38 cents, according to LSEG data.

(By Tanay Dhumal)

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