Movement Alert｜Freeport-McMoRan Falls 3.04% in Regular Trading, Q2 Earnings Beat Expectations but Revenue Declines Year-over-Year

Market Focus07-23 22:13

On July 23, Freeport-McMoRan fell 3.04% in regular trading, trading at $62.93/share, with turnover of $2.51 billion. The decline came despite the company reporting Q2 results that beat analyst estimates on both earnings and revenue, as the year-over-year revenue decline raised concerns about copper demand and pricing outlook.

Freeport-McMoRan reported Q2 adjusted net income of $0.74 per share, up from $0.54 a year earlier and well above the FactSet consensus estimate of $0.62. Revenue came in at $7.03 billion, surpassing the $6.71 billion estimate but down from $7.58 billion a year ago. Q2 production totaled 786 million pounds of copper, 192,000 ounces of gold, and 23 million pounds of molybdenum, with realized prices of $6.17/lb for copper and $4,520/oz for gold. The company guided full-year copper mine net cash costs at approximately $1.90/lb and operating cash flow near $8.3 billion. Additionally, it identified an opportunity to more than double concentrator capacity at its Bagdad operation in Arizona.

The broader copper sector traded weak, with Southern Copper Corp down 4.44%, TREKOR METALS down 2.57%, and Ero Copper down 2.2%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1127382638?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-23 22:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1127382638","market":"hk","top_or_hot":-1,"title":"Movement Alert｜Freeport-McMoRan Falls 3.04% in Regular Trading, Q2 Earnings Beat Expectations but Revenue Declines Year-over-Year","media":"Market Focus","content":"<p><p>On July 23, Freeport-McMoRan fell 3.04% in regular trading, trading at $62.93/share, with turnover of $2.51 billion. The decline came despite the company reporting Q2 results that beat analyst estimates on both earnings and revenue, as the year-over-year revenue decline raised concerns about copper demand and pricing outlook.</p><p>Freeport-McMoRan reported Q2 adjusted net income of $0.74 per share, up from $0.54 a year earlier and well above the FactSet consensus estimate of $0.62. Revenue came in at $7.03 billion, surpassing the $6.71 billion estimate but down from $7.58 billion a year ago. Q2 production totaled 786 million pounds of copper, 192,000 ounces of gold, and 23 million pounds of molybdenum, with realized prices of $6.17/lb for copper and $4,520/oz for gold. The company guided full-year copper mine net cash costs at approximately $1.90/lb and operating cash flow near $8.3 billion. Additionally, it identified an opportunity to more than double concentrator capacity at its Bagdad operation in Arizona.</p><p>The broader copper sector traded weak, with Southern Copper Corp down 4.44%, TREKOR METALS down 2.57%, and Ero Copper down 2.2%.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Movement Alert｜Freeport-McMoRan Falls 3.04% in Regular Trading, Q2 Earnings Beat Expectations but Revenue Declines Year-over-Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMovement Alert｜Freeport-McMoRan Falls 3.04% in Regular Trading, Q2 Earnings Beat Expectations but Revenue Declines Year-over-Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-23 22:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On July 23, Freeport-McMoRan fell 3.04% in regular trading, trading at $62.93/share, with turnover of $2.51 billion. The decline came despite the company reporting Q2 results that beat analyst estimates on both earnings and revenue, as the year-over-year revenue decline raised concerns about copper demand and pricing outlook.</p><p>Freeport-McMoRan reported Q2 adjusted net income of $0.74 per share, up from $0.54 a year earlier and well above the FactSet consensus estimate of $0.62. Revenue came in at $7.03 billion, surpassing the $6.71 billion estimate but down from $7.58 billion a year ago. Q2 production totaled 786 million pounds of copper, 192,000 ounces of gold, and 23 million pounds of molybdenum, with realized prices of $6.17/lb for copper and $4,520/oz for gold. The company guided full-year copper mine net cash costs at approximately $1.90/lb and operating cash flow near $8.3 billion. Additionally, it identified an opportunity to more than double concentrator capacity at its Bagdad operation in Arizona.</p><p>The broader copper sector traded weak, with Southern Copper Corp down 4.44%, TREKOR METALS down 2.57%, and Ero Copper down 2.2%.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FCX","symbol_name":"麦克莫兰铜金","start_time":0,"source_url":"","article_id":"1127382638","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1127382638","pubTimestamp":1784815998,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 23, Freeport-McMoRan fell 3.04% in regular trading, trading at $62.93/share, with turnover of $2.51 billion. The decline came despite the company reporting Q2 results that beat analyst...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FCX":"麦克莫兰铜金"},"translate_title":"走势警报|自由港麦克莫兰常规交易下跌3.04%，第二季度盈利超出预期，但收入同比下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FCX":1},"content_text":"On July 23, Freeport-McMoRan fell 3.04% in regular trading, trading at $62.93/share, with turnover of $2.51 billion. The decline came despite the company reporting Q2 results that beat analyst estimates on both earnings and revenue, as the year-over-year revenue decline raised concerns about copper demand and pricing outlook.Freeport-McMoRan reported Q2 adjusted net income of $0.74 per share, up from $0.54 a year earlier and well above the FactSet consensus estimate of $0.62. Revenue came in at $7.03 billion, surpassing the $6.71 billion estimate but down from $7.58 billion a year ago. Q2 production totaled 786 million pounds of copper, 192,000 ounces of gold, and 23 million pounds of molybdenum, with realized prices of $6.17/lb for copper and $4,520/oz for gold. The company guided full-year copper mine net cash costs at approximately $1.90/lb and operating cash flow near $8.3 billion. Additionally, it identified an opportunity to more than double concentrator capacity at its Bagdad operation in Arizona.The broader copper sector traded weak, with Southern Copper Corp down 4.44%, TREKOR METALS down 2.57%, and Ero Copper down 2.2%.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1127382638","isCrawlerRequest":true}