Freeport-McMoRan (FCX) down 13% after top and bottom line misses

 

Shares of Freeport-McMoRan Inc (FCX) stock fell Thursday following the release of the company’s quarterly earnings report. Freeport-McMoRan missed on both the top and bottom lines, with earnings per share of $0.11 falling short of the $0.19 consensus, and revenue declining 26.9% year over year to $3.68 billion, well below Wall Street’s $3.86 billion estimates.  

Freeport-McMoRan Inc is lower by -13.08% while the S&P 500 is higher by 0.14% as of 4:00 PM on Thursday, Jan 24. FCX has fallen -$1.61 from the previous closing price of $12.31 on volume of 62,451,975 shares. Over the past year the S&P 500 is lower by -6.88% while Freeport-McMoRan Inc has fallen -45.41%. FCX earned $0.93 a share in the most-recent quarter, giving it a price-to-earnings ratio of 11.46.

Stock Score Report, InvestorsObserver’s proprietary scoring system gives FCX a score of 16 out of a possible 100. That score is based on three component scores. A fundamental score of 17, a long-term technical score of 26 and a short-term technical score of 4. Our proprietary system combines short and long-term technical factors, Wall Street’s opinion, and other fundamental factors into an overall score that measures a stock’s suitability for investment.

Meanwhile, the major indices were mixed. The NASDAQ has gained 0.68% to 7,073.46. The S&P 500 is higher by 0.14% to 2,642.33. The Dow Jones Industrial Average is lower by -0.09% to 24,553.24.

Symbols: FCX

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