PHOENIX (dpa-AFX) - Freeport-McMoRan Inc. (FCX) reported a profit for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $526 million, or $0.36 per share. This compares with $454 million, or $0.31 per share, in last year's third quarter.
Excluding items, Freeport-McMoRan Inc. reported adjusted earnings of $556 million or $0.38 per share for the period.
Analysts on average had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 16.6% to $6.790 billion from $5.824 billion last year.
Freeport-McMoRan Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $526 Mln. vs. $454 Mln. last year. -EPS (Q3): $0.36 vs. $0.31 last year. -Revenue (Q3): $6.790 Bln vs. $5.824 Bln last year.
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