Molycorp Inc. (MCP) reported a second quarter adjusted EPS loss of $0.03 after the close Thursday. The consensus estimate was for a profit of $0.08.
Molycorp gapped open sharply lower Friday and declined until mid-morning. The stock finished down by 4.58 at $11.49, with volume at a 10-month high. Molycorp has been declining for the past month and set a new low for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.