Advertisement
Australia markets closed
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • AUD/USD

    0.6505
    +0.0016 (+0.24%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • OIL

    82.93
    -0.43 (-0.52%)
     
  • GOLD

    2,329.30
    -12.80 (-0.55%)
     
  • Bitcoin AUD

    102,378.97
    +870.14 (+0.86%)
     
  • CMC Crypto 200

    1,438.90
    +14.80 (+1.04%)
     

Freeport-McMoRan’s Outlook Is Cloudy, Earnings Peak

Freeport-McMoRan’s Outlook Is Cloudy, Earnings Peak

While copper prices have been weak in 2018, higher gold shipments have helped Freeport-McMoRan (FCX) post higher earnings in the last few quarters. The company posted an adjusted EBITDA of $1.8 billion in the third quarter. The company’s EBITDA in the last 12 months ending on September 30 is $7.9 billion.