Freeport-McMoRan (NYSE:FCX) Third Quarter 2024 ResultsKey Financial Results

• Revenue: US$6.79b (up 17% from 3Q 2023).

• Net income: US$526.0m (up 17% from 3Q 2023).

• Profit margin: 7.7% (in line with 3Q 2023).

• EPS: US$0.36 (up from US$0.31 in 3Q 2023).

earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Freeport-McMoRan Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 6.5%.

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Metals and Mining industry in the US.

Performance of the American Metals and Mining industry.

The company's shares are up 2.6% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Freeport-McMoRan's balance sheet.

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