NYSE:FCXMetals and Mining
Freeport-McMoRan (FCX) Reports Q2 Sales Surge To US$7,582 Million
Freeport-McMoRan (FCX) recently reported a substantial increase in its second-quarter sales to USD 7,582 million and net income growing to USD 772 million, fueling positive investor sentiment. This was further supported by the company's strategic buyback initiative, repurchasing 1.5 million shares during the quarter, indicating confidence in its valuation. Despite a broader market trend, characterized by modest gains led by strong tech earnings, Freeport-McMoRan's price move of 7.5% stands...