Freeport-McMoRan Copper & Gold Inc. (FCX) Earnings Beat Estimates

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) released its earnings report for the three months ended June 30 this morning before the market opened. The company showed earnings per share of $0.49 for the three month period on revenue of $4.29 billion. Shares in Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) closed at $29.15 on Monday’s market.

Before earnings numbers were released analysts were looking for earning of 39 cents per share for the three months period. Consensus revenue estimates for the quarter came to $4.39 billion. In the...