Freeport-McMoRan (FCX) Revenue — Quarter Ended Jun 30, 2023
Revenue for the reported quarter rose compared to the immediately preceding quarter, but fell relative to the same quarter one year earlier. The sequential increase reversed a pattern of declines seen in prior quarters.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the reported quarter rose compared to the immediately preceding quarter, but fell relative to the same quarter one year earlier. The sequential increase reversed a pattern of declines seen in prior quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.9B
Revenue reported for this quarter.
Quarter-over-quarter
+15.9%
Change from the immediately preceding quarter.
Year-over-year
-3.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.8B
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 |
|---|---|---|
| Sep 30, 2022 | $5.3B | -14.3% |
| Dec 31, 2022 | $5.4B | -8.6% |
| Mar 31, 2023 | $5.1B | -19.6% |
| Jun 30, 2023 | $5.9B | -3.9% |
Revenue performance
The reported quarter's revenue increased from the prior quarter, marking a positive sequential performance after consecutive declines.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was higher. However, compared with the same quarter one year earlier, revenue was lower.
What to watch
The trailing twelve-month revenue trend may warrant attention given the mixed quarterly comparisons.