Freeport-McMoRan (FCX) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined slightly from the prior quarter but rose compared with the same quarter a year earlier. The sequential decrease followed a period of growth in the preceding quarter.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined slightly from the prior quarter but rose compared with the same quarter a year earlier. The sequential decrease followed a period of growth in the preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.8B
Revenue reported for this quarter.
Quarter-over-quarter
-1.2%
Change from the immediately preceding quarter.
Year-over-year
+6.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.7B
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 |
|---|---|---|
| Mar 31, 2023 | $5.1B | -19.6% |
| Jun 30, 2023 | $5.9B | -3.9% |
| Sep 30, 2023 | $5.9B | +10.5% |
| Dec 31, 2023 | $5.8B | +6.7% |
Revenue performance
The reported revenue moved lower on a sequential basis, reversing the prior quarter's upward trend. On an annual basis, revenue remained higher than the comparable period one year ago.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased. Compared with the same quarter one year earlier, revenue increased.
What to watch
The sequential decline in revenue after a prior quarter of growth may warrant attention in the next reporting period.