Freeport McMoRan Q4 profit drops sharply as copper prices slide

Jan. 25, 2023 10:53 AM ETFreeport-McMoRan Inc. (FCX) StockBy: Carl Surran, SA News Editor6 Comments

Close-up of new and shiny сopper pipe.

SimoneN/iStock via Getty Images

Freeport McMoRan (NYSE:FCX) +0.7% in Wednesday's trading after reporting better than expected Q4 adjusted earnings and revenues that nevertheless fell from a year ago in an environment of lower copper prices and higher costs.

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