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Article: Phelps Dodge Reports Quarterly Net Income of $366.1 Million, or $3.61 Per Share, for the 2005 Third Quarter (Includes Net Special Charges of $75.8 Million, or 75 Cents Per Share).
- Article from:
- PR Newswire
- Article date:
- October 27, 2005
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2005 Third Quarter Highlights
* Third quarter net income was $366.1 million ($3.61 per share); 2004 third quarter net income was $292.9 million ($2.95 per share)
* Record PDMC quarterly operating income of $618.4 million
* Third quarter net income included after-tax, net special charges of $75.8 million (75 cents per share); 2004 third quarter net income included after-tax, net special charges of $0.9 million (1 cent per share) (see Note 1 to Consolidated Financial Information for additional discussion)
* In the 2005 third quarter, the company completed a tender offer for its 8.75 percent Notes due in 2011, which resulted in the ...