Edition:
India

Freeport-McMoRan Q1 Adjusted Earnings Per Share $0.05


Thursday, 25 Apr 2019 

April 25 (Reuters) - Freeport-McMoRan Inc ::FREEPORT-MCMORAN REPORTS FIRST-QUARTER 2019 RESULTS.Q1 EARNINGS PER SHARE $0.02.Q1 ADJUSTED EARNINGS PER SHARE $0.05.Q1 EARNINGS PER SHARE ESTIMATE $0.07 -- REFINITIV IBES DATA.QTRLY AVERAGE REALIZED PRICE PER POUND FOR COPPER WAS $2.90 VERSUS $3.11 REPORTED LAST YEAR.FIRST-QUARTER 2019 COPPER SALES OF 784 MILLION POUNDS AND GOLD SALES OF 242 THOUSAND OUNCES.QTRLY AVERAGE REALIZED PRICE PER OUNCE FOR GOLD WAS $1,291 VERSUS $1,312 REPORTED LAST YEAR.CONSOLIDATED SALES FOR YEAR 2019 ARE EXPECTED TO APPROXIMATE 3.3 BILLION POUNDS OF COPPER.QTRLY REVENUES $3,792 MILLION VERSUS $4,868 MILLION.FREEPORT-MCMORAN - SALES VOLUMES FOR 2019 EXPECTED TO APPROXIMATE 3.3 BILLION POUNDS OF COPPER, 0.8 MILLION OUNCES OF GOLD AND 94 MILLION POUNDS OF MOLYBDENUM.CAPITAL EXPENDITURES FOR YEAR 2019 ARE EXPECTED TO APPROXIMATE $2.5 BILLION.QTRLY AVERAGE REALIZED PRICE $12.69 PER POUND FOR MOLYBDENUM..AT MARCH 31, 2019, CONSOLIDATED DEBT TOTALED $9.9 BILLION AND CONSOLIDATED CASH TOTALED $2.8 BILLION.FIRST-QUARTER 2019 MOLYBDENUM SALES OF 22 MILLION POUNDS WERE LOWER FIRST-QUARTER 2018 SALES OF 24 MILLION POUNDS.TRANSITION TO UNDERGROUND MINING AT GRASBERG IS ADVANCING ACCORDING TO PLAN, AND WE ARE ENCOURAGED BY RECENT MILESTONES.QTRLY SALES TOTALED 22 MILLION POUNDS OF MOLYBDENUM IN FIRST-QUARTER 2019..Q1 REVENUE VIEW $3.81 BILLION -- REFINITIV IBES DATA.