AAPL 250.9362 1.1636% MSFT 439.85 0.5624% NVDA 132.26 2.5987% GOOGL 190.36 1.0403% GOOG 191.585 0.7547% AMZN 224.7026 1.8967% META 605.1 1.3245% AVGO 221.57 -0.9167% TSLA 434.8 -1.211% TSM 195.3 -0.133% LLY 758.87 -0.7637% V 315.9 1.9756% JPM 234.325 1.7168% UNH 493.79 -1.1867% NVO 103.7 -2.1329% WMT 93.89 0.3634% LVMUY 130.52 0.7721% XOM 105.67 -0.7048% LVMHF 649.5 0.6649% MA 526.755 1.3068%

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Freeport-McMoRan’s (NYSE:FCX) Q2 FY24 Net Income Soars 80% to USD 616Mn Driven by Increased Revenues

Image source: Shutterstock

Highlights

Freeport-McMoRan Inc. (NYSE:FCX) is a global mining company with diverse assets, including the Grasberg district in Indonesia and significant operations in North and South America. It has a market cap of USD 70 billion.

In Q2 FY24, the company reported revenues of USD 6,624 million, reflecting a 15.5% increase from USD 5,737 million in the previous corresponding period (pcp). It was driven by higher average realized prices.

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