Freeport-McMoRan Earnings Fall, Expansion Plans Put on HoldFreeport-McMoRan Copper & Gold ( FCX) just reported its third-quarter net earnings fell to $523 million, or $1.31 per share, compared with $775 million, or $1.87 per share, a year earlier. The company said it would delay planned mine expansions because of weaker metals prices and current economic conditions. The company's revenue for the quarter fell to $4.62 billion from $5.07 billion. Freeport did reiterate its forecast of full-year 2008 sales of 4 billion pounds of copper and 1.2 million ounces of gold, which is in line with its lowered estimate from last month. We had removed the company's shares from our "Recommended" list on Sept. 2, when shares were at the $89.32 level. The company now has an attractive 5.45% dividend yield, based on last night's closing stock price of $36.72. We think the stock may be quite an attractive target if commodities can stabilize at their current levels. We'll be watching the shares closely, and keep investors posted. Freeport McMoRan is not recommended at this time, holding a Dividend.com Rating of 3.2 out of 5 stars. Caterpillar Third-Quarter Profit Slips; Cautious '09 Guidance Provided Caterpillar ( CAT) reported its third-quarter profit slipped 6%, as higher steel and freight costs offset record global sales. The company's revenue jumped 13% to $12.98 billion as 60% of the sales came from outside North America. CAT is reiterating its 2008 guidance of revenue to be above $50 billion, up from $44.96 billion last year, and per-share profit of about $6, up from $5.37 per share.