MP Materials (NYSE:MP)In the country that owns the only rare earth mine, there is no booming Friday in the stock market. The company has dropped 8% after its latest quarterly earnings release. That fall was particularly noticeable considering the benchmark S&P 500 (snpindex: ^gspc) More or less side transactions that day.
The first quarter figures for MP Materials were spread after Thursday's marketing time and it felt like the stock was hangover on Friday.
That's because the company's total revenue grew rapidly by 25% in analyst estimates, but rose to $60.8 million year-on-year. Experts tracking stocks jointly modeled $64.4 million.
Compared to the first quarter of 2024, the narrowest MP material is also missing on the bottom line, but its non-GAAP (universally accepted accounting principles) adjusted net loss is significantly steep. The company's red is nearly $20 million, or $0.12 per share, and the age is a $124 million deficit compared to age. Consensus analysts estimate the bank's project to be $0.11 per share.
The United States and China have complicated these missed people, especially the serious tariffs imposed by President Trump on Asian countries. In line with this, MPs recently stopped shipments of their rare earth concentrates to China, but a client in the country was responsible for more than three-fifths of the company last year.
Regardless of how the company executes, the sentiment of its stock will remain negative if the trade war persists. Hopefully the trade war won't last too long - otherwise, the MP materials could be in some tough times.
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