Freeport-McMoran Copper & Gold Inc. (FCX) on Tuesday reported third-quarter earnings of $552 million.
The Phoenix-based company said it had profit of 53 cents per share. Earnings, adjusted for non-recurring costs, were 64 cents per share.
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The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The mining company posted revenue of $5.7 billion in the period, also surpassing Street forecasts. Analysts expected $5.6 billion, according to Zacks.
Freeport-McMoran shares have fallen 20 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 6 percent. The stock has fallen 19 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research. FCX stock research report from Zacks.