NYSE-listed Freeport-McMoRan on Thursday a drop in fourth-quarter revenue and net income, although the base metals miner finished the year on a stronger foot than in 2017 and said it remained confident in the long-term outlook for copper.
The miner posted revenue of $3.68-billion in the fourth quarter, down 27% on that of the prior-year period, while net income declined to $140-million, from $1.04-billion a year earlier.