Miner Freeport-McMoRan Up As Profit Beats Forecast
Freeport-McMoRan Copper & Gold (FCX) reported fourth-quarter earnings and revenues above analyst estimates on Tuesday, boosting its stock price 5% midday Tuesday. The world's largest listed copper producer said Q4 EPS jumped 16% to 78 cents, beating analyst expectations by 8 cents. Revenue rose 8% to $4.51 billion, above estimates of $4.47 billion. Shares were trading at 35.35 intraday. Copper output climbed 22% to about 1 billion pounds and gold
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