PD back in black as sales jump 79% in 3d qtr.

Oct 29, 2004 | 08:34 AM |

Higher copper prices and lower production costs helped Phelps Dodge Corp., Phoenix, post third-quarter net income of $292.9 million on sales that rose 79.1 percent to nearly $1.9 billion in contrast to a $300,000 net loss on sales of $1.03 billion in the year-earlier quarter.

The company's Phelps Dodge Mining Co. division doubled sales to $1.42 billion in the latest three-month period from $704.1 million in the third quarter of 2003.....

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