Freeport-McMoRan Copper & Gold (NYSE: FCX) reported earnings on July 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Freeport-McMoRan Copper & Gold met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share contracted significantly. GAAP earnings per share contracted significantly.

Margins shrank across the board.

Revenue details
Freeport-McMoRan Copper & Gold booked revenue of $4.29 billion. The 13 analysts polled by S&P Capital IQ expected to see net sales of $4.35 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.22. The 20 earnings estimates compiled by S&P Capital IQ averaged $0.44 per share. Non-GAAP EPS of $0.22 for Q2 were 73% lower than the prior-year quarter's $0.80 per share. GAAP EPS of $0.49 for Q2 were 34% lower than the prior-year quarter's $0.74 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 33.5%, 790 basis points worse than the prior-year quarter. Operating margin was 15.3%, much worse than the prior-year quarter. Net margin was 11.2%, 470 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $5.88 billion. On the bottom line, the average EPS estimate is $0.72.

Next year's average estimate for revenue is $21.36 billion. The average EPS estimate is $2.89.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 5,810 members out of 6,011 rating the stock outperform, and 201 members rating it underperform. Among 980 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 933 give Freeport-McMoRan Copper & Gold a green thumbs-up, and 47 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Freeport-McMoRan Copper & Gold is outperform, with an average price target of $36.39.

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