{"id":26745,"date":"2012-01-21T07:30:06","date_gmt":"2012-01-21T12:30:06","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/01\/21\/freeport-mcmoran-beats-estimates-but-cuts-2012-copper-sales-target\/"},"modified":"2012-01-21T07:30:06","modified_gmt":"2012-01-21T12:30:06","slug":"freeport-mcmoran-beats-estimates-but-cuts-2012-copper-sales-target","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/01\/21\/freeport-mcmoran-beats-estimates-but-cuts-2012-copper-sales-target\/","title":{"rendered":"Freeport-McMoran Beats Estimates But Cuts 2012 Copper Sales Target"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"540\" height=\"300\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=vcc817e43c3cd022db351504557c634a57cb1f1ad&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=vcc817e43c3cd022db351504557c634a57cb1f1ad&#038;tgt=grabnetworks\"\/><\/object><\/div>\n<\/p>\n<p>Freeport-McMoran (NYSE:FCX) reported Q4 EPS of $0.67, which includes a $0.05 charge for labor costs. Consensus estimates were for EPS of $0.61.The company reported Q4 revenues of $4.16 billion, vs. consensus estimates of $3.74 billion.The company lowered its 2012 copper sales target to 3.8b lbs vs. 11\/17 forecast of 3.9b lbs.Freeport forecasts gold production of 1.2m oz. vs. its prior 1.1m.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/01\/21\/0_s5s6en9w_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/01\/21\/0_s5s6en9w_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Freeport-McMoran (NYSE:FCX) reported Q4 EPS of $0.67, which includes a $0.05 charge for labor costs. Consensus estimates were for EPS of $0.61.The company reported Q4 revenues of $4.16 billion, vs. consensus estimates of $3.74 billion.The company lowered its 2012 copper sales target to 3.8b lbs vs. 11\/17 forecast of 3.9b lbs.Freeport forecasts gold production of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/01\/21\/freeport-mcmoran-beats-estimates-but-cuts-2012-copper-sales-target\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Freeport-McMoran Beats Estimates But Cuts 2012 Copper Sales Target&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-26745","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=26745"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26745\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=26745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=26745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=26745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}