Freeport-McMoRan beats profit estimates but stock trades lower
23 January 2020 - 21:06
Bengaluru — Freeport-McMoRan beat analysts’ estimates for fourth-quarter profit on Thursday, as higher copper output from the Americas cushioned lower production at its Grasberg mine.
Shares were down 5.4% in premarket trading as investors looked past the profit beat to focus on the drop in Indonesia production...
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