Error message

  • Deprecated function: Methods with the same name as their class will not be constructors in a future version of PHP; views_display has a deprecated constructor in require_once() (line 3190 of /home/unicoaladmin1/public_html/includes/bootstrap.inc).
  • Deprecated function: Methods with the same name as their class will not be constructors in a future version of PHP; views_many_to_one_helper has a deprecated constructor in require_once() (line 127 of /home/unicoaladmin1/public_html/sites/all/modules/ctools/ctools.module).
  • Deprecated function: The each() function is deprecated. This message will be suppressed on further calls in menu_set_active_trail() (line 2404 of /home/unicoaladmin1/public_html/includes/menu.inc).

FCX stock rises on interim Indonesia export deal despite earnings miss

The NYSE-listed stock of US-based diversified miner Freeport-McMoRan (FCX) on Tuesday closed 7.11% higher despite the miner reporting earnings below analyst forecasts, as investors were pleased with the company reporting resumed copper concentrate exports from Indonesia following a three-month ban. The Phoenix-based miner reported first-quarter net income of $228-million, or $0.16 a share, compared with a $4.18-billion loss, or $3.35 a share, in the same period a year earlier when the company booked a $3.8-billion write-down of the carrying value of its oil and gas properties, on the back of faltering West Texas Intermediate prices.