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Lekha Gupta

Freeport-McMoRan Beats Q2 Consensus, But Copper Sales Are Down As Debt Nears $9.5B

copper FCX FreeportMcMoRan Inc

Freeport-McMoRan Inc reported $5.74 billion in second-quarter (Q2) revenue for 2023, beating the consensus of $5.54 billion. IGOR GOLOVNIOV/GETTY IMAGES

Freeport-McMoRan Inc (NYSE: FCX) reported $5.74 billion in second-quarter (Q2) revenue for 2023, beating the consensus of $5.54 billion.

Copper sales of 1.03 billion pounds were down 5% Y/Y due to shipping delays in Indonesia.

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