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发表于 2010-7-21 11:02 AM
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这是FCX 的ER run?
ht008 发表于 2010-7-21 12:56 
July 21 (Bloomberg) -- Freeport-McMoRan Copper & Gold Inc., the world’s largest publicly traded copper producer, reported second-quarter profit that topped analysts’ estimates because of higher-than-forecast sales of the metal.
Earnings excluding some one-time items were $1.49 a share, Phoenix-based Freeport said today in a statement. Analysts projected profit of $1.26, the average of 18 estimates in a Bloomberg survey. Net income rose to $649 million, or $1.40 a share, from $588 million, or $1.38, a year earlier. The shares climbed as much as 6.3 percent in New York.
Chief Executive Officer Richard Adkerson, 63, is increasing output at operations where the company slowed production in the past two years as the global economic slowdown cut demand. Consolidated copper sales were 914 million pounds, 10 percent more than the 830 million pounds that Freeport had forecast three months ago.
“Operationally we are very, very pleased with what’s happening,” Anthony Rizzuto, a New York-based analyst with Dahlman Rose & Co., said today in a telephone interview.
The company’s average net cash cost to produce a pound of copper in the quarter was 97 cents, less than the $1.10 that Rizzuto expected.
“The variance to the April 2010 estimate primarily reflects favorable production performance in North and South America and Indonesia and the timing of shipments,” the company said in the statement.
Freeport rose $3.80, or 5.9 percent, to $68.12 at 9:33 a.m. in New York Stock Exchange composite trading. The shares declined 20 percent this year through yesterday.
Second-quarter revenue gained 4.9 percent to $3.86 billion. Freeport forecasts full-year sales of 3.8 billion pounds of copper and 1.8 million ounces of gold, unchanged from its projections in April. The company raised its forecast for 2010 molybdenum sales by 1.6 percent to 63 million pounds. |
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