Freeport-McMoRan Copper & Gold (NYSE: FCX) reported Thursday that its fourth-quarter results rose from last year, citing due to higher copper prices and better conditions in several key markets, according to Associated Press.
Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign up for our Free Stock Newsletter.
The company says copper prices more than doubled from a year earlier. Freeport-McMoran's profit rose to $971 million, or $2.15 per share, compared to a $14 billion loss in the last quarter of 2008, when copper prices dropped.
Revenue rose to $4.61 billion from $2.07 billion.
Analysts were expecting a profit of $1.72 a share on revenue of about $4.1 billion.
Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
Follow us on Twitter: http://www.Twitter.com/topbestps
About Us
Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
