Freeport earnings expected to decline

Jan 18, 2013 | 05:41 PM | Suzy Waite

Tags  Freeport-McMoRan Copper & Gold, Freeport, Grasberg, Dahlman Rose, Morgan Stanley, Citigroup, Plains Exploration & Production, McMoRan Exploration Suzy Waite

NEW YORK — Analysts forecast that Freeport-McMoRan Copper & Gold Inc.’s fourth-quarter earnings will be down slightly from the prior quarter, although they say that the ongoing ramp-up at its Grasberg Mine should have a positive effect.

New York-based Dahlman Rose & Co. LLC expects Freeport to report net income of 65 cents per share, while New York-based Morgan Stanley & Co. LLC forecasts 67 cents and New York-based Citigroup Inc. 70 cents. ....

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