Molycorp Inc Earnings: Here’s Why the Stock is Rising Now

Molycorp, Inc Common Stock $0.0 (NYSE:MCP) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.

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Molycorp, Inc Common Stock $0.0 Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.15 in the quarter versus EPS of $0.18 in the year-earlier quarter.

Revenue: Rose 73.32% to $146.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Molycorp, Inc Common Stock $0.0 reported adjusted EPS loss of $0.15 per share. By that measure, the company beat the mean analyst estimate of $-0.27. It beat the average revenue estimate of $137.52 million.

Quoting Management: “Our ongoing production ramp-up at Mountain Pass remains on course, and our increasing production is allowing us to produce for end-use customers as well as provide greater feedstock to our downstream, value-added processing facilities,” said Constantine Karayannopoulos, Molycorp`s President and CEO. “On the demand side, we are beginning to see signs of a return to more normal levels of demand as the year progresses.”

Key Stats (on next page)…

Revenue increased 9.04% from $134.26 million in the previous quarter. EPS increased to $-0.15 in the quarter versus EPS of $-0.45 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.19 to a loss $0.26. For the current year, the average estimate has moved down from a loss of $0.55 to a loss of $0.68 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]