Freeport-McMoRan (NYSE:FCX) reported its Q1 earnings results on Friday, April 21, 2023 at 08:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Freeport-McMoRan beat estimated earnings by 13.04%, reporting an EPS of $0.52 versus an estimate of $0.46.
Revenue was down $1.21 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.09 which was followed by a 2.55% drop in the share price the next day.
Here’s a look at Freeport-McMoRan’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.43 | 0.31 | 0.80 | 0.94 |
| EPS Actual | 0.52 | 0.26 | 0.58 | 1.07 |
| Revenue Estimate | 5.42B | 5.05B | 6.13B | 6.41B |
| Revenue Actual | 5.76B | 5.00B | 5.42B | 6.60B |
To track all earnings releases for Freeport-McMoRan visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
