| (USD) | Sep 2023 | Q/Q |
|---|---|---|
| Revenue | 5.9B | -1% |
| Gross Profit | 1.8B | - |
| Cost Of Revenue | 4.1B | -0% |
| Operating Income | 1.5B | +6% |
| Operating Expenses | 286MM | - |
| Net Income | 964MM | +32% |
| G&A | 118MM | +3% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Freeport-McMoRan Inc. (NYSE:FCX) Q1 2024 Earnings Call Transcript April 23, 2024 Freeport-McMoRan Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you for standing by, and welcome to the Freeport-McMoRan First Quarter Conference Call. At this […]
Q1 2024 Freeport-McMoRan Inc Earnings Call
Discover how FCX exceeded copper sales forecasts and achieved significant reductions in net debt in the first quarter of 2024.
The electric vehicle, Artificial Intelligence, power infrastructure and automation boom will drive at least 10 million metric tons of additional copper demand by 2035
While the top- and bottom-line numbers for Freeport-McMoRan (FCX) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Strong Performance Driven by Higher Copper and Gold Sales
Freeport's (FCX) earnings and revenues top estimates in the first quarter on the back of higher copper sales.
Freeport-McMoRan (FCX) delivered earnings and revenue surprises of 18.52% and 11.74%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
The mining company reported first-quarter earnings of 32 cents a share. The consensus call on Wall Street was for 27 cents.
Copper miner Freeport-McMoRan beat Wall Street estimates for first-quarter profit on Tuesday, helped by higher production and easing costs. The mining giant said its quarterly production of copper rose to 1.1 billion pounds from 965 million pounds a year earlier, helped by a 49% jump in output from its Indonesia operations. Freeport-McMoRan said it was working with the Indonesian government, which has put a ban on raw material exports, to obtain approvals to continue shipping copper concentrat...