Freeport-McMoRan (FCX) Revenue — Quarter Ended Sep 30, 2023
Revenue in the reported quarter declined relative to the preceding quarter but increased compared to the same quarter one year earlier. The sequential decline was modest while the year-over-year gain was more pronounced.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue in the reported quarter declined relative to the preceding quarter but increased compared to the same quarter one year earlier. The sequential decline was modest while the year-over-year gain was more pronounced.
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
-1.1%
Change from the immediately preceding quarter.
Year-over-year
+10.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.3B
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 |
|---|---|---|
| Dec 31, 2022 | $5.4B | -8.6% |
| Mar 31, 2023 | $5.1B | -19.6% |
| Jun 30, 2023 | $5.9B | -3.9% |
| Sep 30, 2023 | $5.9B | +10.5% |
Revenue performance
The company's revenue for the quarter edged lower from the previous three-month period.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased. However, compared to the same quarter one year ago, revenue rose.
What to watch
The trend of sequential revenue changes warrants observation given the mixed performance.