-=Freeport-McMoRan (FCX) reported earnings on Tue 24 Apr 2018 (b/o)

Freeport-McMoRan misses by $0.10, misses on revs 

• Reports Q1 (Mar) earnings of $0.46 per share, excluding non-recurring items, $0.10 worse thanthe Capital IQ Consensus of $0.56; revenues rose 45.7% year/year to $4.87 bln vs the $4.92 bln Capital IQ Consensus.
• Average realized prices for Q1: $3.11 per pound for copper, $1,312 per ounce for gold and $11.95 per pound for molybdenum.
• 2018 Outlook: Sales are expected to approximate 3.8 billion pounds of copper, 2.4 million ounces of gold and 95 million pounds of molybdenum, including 970 million pounds of copper, 700 thousand ounces of gold and 24 million pounds of molybdenum for Q2.