MP Materials Rare Earth Earnings Were Rock Solid. What's Up With the Stock? — Barrons.com
By Al RootMP Materials investors might get some relief from the company's third-quarter results after a wave of selling battered the rare earth miner's shares.MP on Thursday reported better-than-expected quarterly figures. Sales came in at $147.7 million, up 176% year over year, topping Wall Street…
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09:05:50 PM UTC
SquawkNews
MP Materials reported Q3 revenue of $147.7M, up 176% YoY, and adjusted EBITDA of $41.1M, up $53.7M YoY; net loss was $20.7M, improving $21.1M YoY. It completed GM qualification, with saleable magnet deliveries and revenue beginning in Q4.Material DetailsContext by AI AnalystThese results arrive as…