Strong Eps Underlines Double Digits Sales Growth

For the most recent fiscal period earnings per share soared by 7643.83 % to $0.48 per share, followed by Sales increase of 14.93 % to $4.50 billions, compared with the prior year period.

From third quarter 2020, eps more than doubled by 118.48 % from $0.22 per share and Sales improved by 16.72 % from $3.85 billions.
Only one section improved , while following segments recorded decrease in revenues Mining or Exploration -12.85%, Smelting or Refining -14.64%, Molybdenum -40%, U.S. oil or gas operations -53.96%.
All of the company's earnings growth, was located in Smelting or Refining segment, while growth was cut back by -27.22% in Mining or Exploration business. Earnings grew 1895.35 % to $858.000 millions for the most recent fiscal period, compare to income of $43.000 millions achieved a year before. Freeport Mcmoran Inc also emphasized it's improving profit margins, where net margin rose to 19.09% in most recent fiscal period, and operating margin edged up to 38.02%.
segment have widen the loss. Molybdenum, U.S. oil or gas operations segments have slipped into deficit.
Analysing further company's results, an astounding rise of 121.38% in Gold Sales (thousands of recoverable ounces) to 352.00 explains the most recent fiscal period performance.
Other gains in Copper Production (millions of recoverable pounds) 4.94 %, were worth mentioning.
While following indicators decreased: Copper Sales (millions of recoverable pounds) down -0.41 %.
The Metal Mining company, also outlined contraction in Copper Avg. Realized Price per Pound -14.24 %, Gold Avg. Realized Price per Ounce -9.41 %. Freeport Mcmoran Inc reported earnings of $865 millions and Sales of $14.20 billions for the fiscal year 2020.

Company reported earnings per share of $0.41 compare to $-0.17 in the previous fiscal year, while Sales decreased by -1.42 % from $14.40 billions a year ago.

Freeport Mcmoran Inc is expected to report next financial results on April 23, 2021.