Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income increased 16.09% to $743 million (78 cents per diluted share) in the quarter versus a net gain of $640 million in the year-earlier quarter. Revenue rose 8.36% to $4.51 billion from the year-earlier quarter.
Freeport-McMoRan Copper & Gold Inc. reported adjusted net income of 74 cents per share. By that measure, the company beat the mean analyst estimate of $0.7. It beat the average revenue estimate of $4.47 billion.