Categories Earnings, Other Industries
Earnings Summary: A look at how Freeport-McMoRan performed in Q4 2023
Mining company Freeport-McMoRan Inc. (NYSE: FCX) announced financial results for the fourth quarter of 2023, reporting a decline in earnings and revenues.
- Net income attributable to common stock totaled $388 million or $0.27 per share in Q4, vs. $697 million or $0.48 per share last year
- On an adjusted basis, net income was $393 million or $0.27 per share, after excluding net charges totaling $5 million
- Consolidated production totaled 1.1 billion pounds of copper, 573,000 ounces of gold, and 20 million pounds of molybdenum in Q4
- Total sales were 1.1 billion pounds of copper, 549,000 ounces of gold, and 22 million pounds of molybdenum
- Fourth-quarter revenues decreased to $5.91 billion from $5.76 billion in the same period of 2022
- Operating cash flow was $1.32 billion in the fourth quarter, vs. $1.07 billion a year earlier
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
