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GREENWOOD VILLAGE, Colo. (AP) _ Molycorp Inc. (MCP) on Wednesday reported a loss of $105.2 million in its third quarter.
The Greenwood Village, Colorado-based company said it had a loss of 47 cents per share. Losses, adjusted for non-recurring costs and stock option expense, came to 40 cents per share.
The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 25 cents per share.
The rare earth minerals company posted revenue of $123.9 million in the period, beating Street forecasts. Analysts expected $121.3 million, according to Zacks.
In the final minutes of trading on Wednesday, the company's shares hit $1.41. A year ago, they were trading at $4.93.
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This story was generated by Automated Insights using data from Zacks Investment Research. MCP stock research report from Zacks.
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Keywords:Molycorp,Earnings Report
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Molycorp Minerals LLC
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DEVELOPMENT STAGE |
CODE : MCP |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Molycorp Minerals is a exploration company based in United states of america. Molycorp Minerals develops rare earth in USA. Its main asset in development is MOUNTAIN PASS in USA. Molycorp Minerals is listed in United States of America. Its market capitalisation is US$ 37.3 millions as of today (€ 34.1 millions). Its stock quote reached its highest recent level on December 28, 2012 at US$ 9.98, and its lowest recent point on January 30, 2015 at US$ 0.28. Molycorp Minerals has 103 950 000 shares outstanding. |