Recap: Freeport-McMoRan Q1 Earnings - Freeport-McMoRan (NYSE:FCX)

Freeport-McMoRan 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.

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.

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.