Freeport-McMoRan, Inc. (FCX) - Get Report is expected to report a loss of $79.5 million, or 5 cents a share, on sales of $3.5 billion before the market opens on Wednesday, based on a FactSet survey of 17 analysts.
In the same period a year ago, the company posted earnings of 58 cents a share on sales of $5.2 billion. It reported net income of $699 million.
The stock has fallen 5.9% since the company last reported earnings on Apr. 25.
Quarterly estimates have fallen 16.3 cents a share in the past month.
Freeport-McMoRan is currently trading at a price-to-forward-earnings ratio of 23.9 based on the 12-month estimates of 19 analysts surveyed by FactSet.
In the upcoming quarter analysts are forecasting adjusted net income of $76.2 million, or 8 cents a share, on sales of $3.8 billion.
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