Freeport (NYSE:FCX) Earnings Increase 10 Percent in Second Quarter

Freeport McMoRan Copper & Gold Inc. (NYSE:FCX) enjoyed a 10 percent increase in earnings in the second quarter, as higher copper and gold prices helped them to a strong showing, even though production numbers were down.The miner earned $1.49 a share after excluding one-time items, far above the $1.34 a share analysts had been looking for.Copper prices surged 38 percent higher on average during

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Freeport (NYSE:FCX) Earnings Increase 10 Percent in Second Quarter

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