Freeport-McMoRan Inc. (FCX) Tuesday announced a turnaround to profit in the first quarter to $228 million from loss of $4.184 billion last year. On a per share basis, earnings were $0.16, compared to loss of $3.35 a year ago. The results were impacted by reduction in total costs and expenses to $2.761 billion down from $7.114 billion a year ago.
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