Freeport says earnings dropped to $43 million—or 11 cents a share—from $1.1 billion, or $2.94 a share, in the year ago period. Revenue declined 54% to $2.6 billion.
Wednesday, April 22, 2009
Freeport-McMoran Profit Falls 96%
Freeport McMoran Copper and Gold says its first quarter net income fell 96%. Prices for metals and other commodities have plunged from the year ago period and the company took several charges for restructuring and other items.
Freeport says earnings dropped to $43 million—or 11 cents a share—from $1.1 billion, or $2.94 a share, in the year ago period. Revenue declined 54% to $2.6 billion.
Freeport says earnings dropped to $43 million—or 11 cents a share—from $1.1 billion, or $2.94 a share, in the year ago period. Revenue declined 54% to $2.6 billion.
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