Freeport’s First Quarter Profit Drops on Labor Issues

CBS News reported that profits for Freeport McMoRan (NYSE:FCX) fell due to labor disputes and lower production.

As quoted in the market news:

Revenue fell 19 percent to $4.61 billion from $5.71 billion as sales declined for copper, gold and molybdenum. Average prices fell for copper and molybdenum.

Click here to read the full CBS News report.