Company news: Freeport-McMoRan (FCX) quarterly results beat analysts’ estimates

Freeport-McMoRan (FCX) reported Q1 FY2023 earnings of $0.52 per share (versus $1.07 per share in Q1 FY2022), beating analysts’ consensus estimate of $0.45 per share.

The company’s quarterly revenues amounted to $5.389 bln (-18.4% y/y), beating analysts’ consensus estimate of $5.246 bln.

FCX rose to $41.50 (+0.34%) in pre-market trading.