Freeport's earnings up on sales, pricing gains

Oct 18, 2005 | 10:17 AM |

Higher copper and gold sales and higher prices helped boost Freeport-McMoRan Copper & Gold Inc.'s third-quarter net income and return it to profitability in the nine-month period ended Sept. 30.

FREEPORT-McMoRAN COPPER & GOLD INC.(in thousands except per share) 200520043rd qtr. ended Sept. 30Revenue$983,270$600,556Net income$165,805$17,133Per share0.860.109 months ended Sept. 30Revenue$2,689,244$1,447,075Net income (loss)$471,447-$55,729Per share2.48-The New Orleans-based company's net income soared to $165.8 million in the third quarter on sales that jumped 63.7 percent to $983.3 million compared with....

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