Wednesday, July 25, 2007

UPDATE 1-Freeport-McMoRan's quarterly profit triples

(Reuters) - Net earnings rose to $1.1 billion, or $2.62 per share, from
$367 million, or $1.74 per share, a year earlier, the
Phoenix-based company said.




Revenue quadrupled to $5.81 billion from $1.42 billion.
This was the first full quarter that included earnings and
production from Phelps Dodge, which Freeport acquired in
March.


Read more at Reuters.com Mergers News

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