Freeport-McMoRan Stock Jumps on Earnings Beat – But Deadly Mine Disaster Clouds Outlook
Strong Earnings Boost Shares Despite Output Drop Freeport-McMoRan’s third-quarter 2025 results provided a jolt of good news for investors, even as the company copes with a major operational setback. The Phoenix-based copper and gold producer beat Wall Street expectations, posting an adjusted profit of $0.50 per share, handily above the $0.41 analyst consensus reuters.com. Revenue also exceeded forecasts, buoyed by robust copper prices. Higher copper price realizations – averaging $4.68/lb in Q3, about 9% higher than a year ago – helped cushion the blow from lower output reuters.com. Freeport’s copper production fell to 912 million lbs for the quarter (down