08:30 AM EDT, 04/23/2024 (MT Newswires) -- Freeport-McMoRan ( FCX ) reported Q1 adjusted earnings Tuesday of $0.32 per share, down from $0.52 a year earlier.

Analysts polled by Capital IQ expected $0.28.

Revenue for the quarter ended March 31 was $6.32 billion, up from $5.39 billion a year earlier. Analysts surveyed by Capital IQ expected $5.70 billion.

Freeport-McMoRan's ( FCX ) shares were down 1.7% in recent Tuesday premarket activity.