Freeport-McMoRan (FCX) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease extended a multi-quarter trend of lower revenue.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease extended a multi-quarter trend of lower revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.1B
Revenue reported for this quarter.
Quarter-over-quarter
-5.8%
Change from the immediately preceding quarter.
Year-over-year
-19.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$22B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $6.2B | +9.9% |
| Sep 30, 2022 | $5.3B | -14.3% |
| Dec 31, 2022 | $5.4B | -8.6% |
| Mar 31, 2023 | $5.1B | -19.6% |
Revenue performance
Reported revenue moved downward from the immediately preceding quarter.
Quarterly comparison
Revenue was lower than both the previous quarter and the same quarter one year earlier.
What to watch
Revenue has now declined for three consecutive quarters against the prior year period.