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 Johnson & Johnson’s (JNJ) Q2 2025 earnings results
Johnson & Johnson (NYSE: JNJ) reported its second quarter 2025 earnings results today. Reported sales increased 5.8% year-over-year to $23.7 billion. Operational sales growth was 4.6%. Net earnings grew over
Hasbro (HAS) Earnings Preview: What to expect from the Q2 2025 report
Shares of Hasbro, Inc. (NASDAQ: HAS) stayed red on Tuesday. The stock has gained 43% over the past three months. The toy company is scheduled to report its earnings results
Citigroup (C) Q2 FY25 earnings rise on higher revenues, beat estimates
Banking giant Citigroup Inc. (NYSE: C) reported higher revenues and earnings for the second quarter of fiscal 2025. The numbers also exceeded Wall Street's estimates. Net income increased to $4.0
