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Freeport sags despite bumper quarter

Shortly after markets opened Wednesday Freeport-McMoRan (NYSE:FCX) stocks fell to a fresh 12-month low despite the company reporting reasonable September-quarter results.

Freeport sags despite bumper quarter Freeport sags despite bumper quarter Freeport sags despite bumper quarter Freeport sags despite bumper quarter Freeport sags despite bumper quarter

Freeport stock lower as investors search for upside

Despite beating average Wall Street analyst forecasts for third-quarter earnings per share and revenue, no material news on progress with the Indonesian government regarding its long-term Grasberg