Phoenix, Arizona-based Freeport-McMoRan Inc. (FCX) is engaged in mineral exploration and development, mining and milling of copper, gold, molybdenum, and silver in North America and internationally. With a market cap of $63 billion, the company's operations span the Americas and Asia.
The mineral explorer is set to unveil its second-quarter results on Tuesday, Jul. 22. Ahead of the event, analysts expect FCX to report non-GAAP earnings of $0.46 per share, flat year-over-year from the same profit of $0.46 per share reported in the year-ago quarter. Furthermore, the company has surpassed or matched the Street’s bottom-line projections in three of the past four quarters, while missing on one other occasion.
