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Fortescue Ltd. FSUGY reported underlying earnings per share of $1.85 for fiscal 2024 (ended June 30, 2024), up 3% from $1.80 in fiscal 2023.
Underlying net income was $5.68 billion, up 3% from fiscal 2023, driven by an increase in average hematite prices. It was the third-highest earnings in Fortescueâs history.
FSUGYâs Revenues Rise on Higher Prices
Operating revenues rose 8% year over year to $18.2 billion. The figure, however, missed the Zacks Consensus Estimate of $18.3 billion....
>>> Read more: Fortescue FY24 Earnings & Revenues Improve Y/Y on Higher Prices
Underlying net income was $5.68 billion, up 3% from fiscal 2023, driven by an increase in average hematite prices. It was the third-highest earnings in Fortescueâs history.
FSUGYâs Revenues Rise on Higher Prices
Operating revenues rose 8% year over year to $18.2 billion. The figure, however, missed the Zacks Consensus Estimate of $18.3 billion....
>>> Read more: Fortescue FY24 Earnings & Revenues Improve Y/Y on Higher Prices
