Freeport-McMoRan Inc (NYSE:FCX, XETRA:FPMB) reported stronger-than-expected second quarter 2026 results on Thursday, with earnings and revenue topping Wall Street expectations, although shares edged about 2% lower as investors weighed a slightly reduced near-term copper sales outlook. The company reported adjusted earnings per share of $0.74, ahead of analyst estimates of $0.62, while revenue came in at $7.03 billion, exceeding consensus expectations of $6.71 billion.
Freeport-McMoRan beat earnings and revenue estimates despite lower copper and gold volumes, as higher realized metal prices helped offset production challenges.
Although the revenue and EPS for Freeport-McMoRan (FCX) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Freeport-McMoRan (FCX) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.54 per share a year ago.
FCX heads into Q2 earnings with favorable copper price support offset by lower volumes and higher costs.
Get a deeper insight into the potential performance of Freeport-McMoRan (FCX) for the quarter ended June 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Freeport-McMoRan (FCX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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In the most recent trading session, Freeport-McMoRan (FCX) closed at $61.52, indicating a +1.64% shift from the previous trading day.
Freeport-McMoRan (FCX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Freeport-McMoRan (FCX) closed at $59.33 in the latest trading session, marking a -2.74% move from the prior day.
Freeport-McMoRan (FCX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.