logo
Share SHARE
FONT-SIZE Plus   Neg

Molycorp Posts $26.6 Mln Profit In Q4

Molycorp Inc (MCP) reported fourth quarter of 2011 net income attributable to common stockholders was $26.6 million, or $0.26 per share. Adjusted EPS of $0.41 per share takes into account certain non-cash and other out-of-ordinary operational and business expansion items as compared to U.S. GAAP earnings per share.

Quarterly net revenues were $132.9 million, significantly higher than $21.7 million in the fourth quarter of 2010.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.41 per share on revenues of $134.95 million for the quarter. Analysts' estimates typically exclude special items.

The Company re-affirmed its annual production of REO equivalent products to be in a range of 8,000 metric tons to 10,000 metric tons for the full year 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged to give away his entire wealth amounting to $32 billion for charity. He said the fund will be utilized for cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world. Toyota accepted the resignation of its Chief Communications Officer Julie Hamp, following her arrest in Japan for allegedly mailing banned painkillers to her address in Japan from U.S.
comments powered by Disqus
RELATED NEWS
Trade MCP now with 
Follow RTT