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Molycorp Posts Losses in Q4 and 2012

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Molycorp (NASDAQOTH: MCPIQ  ) has reported its Q4 and 2012 results. For the quarter, consolidated net revenue came in at $134 million, an increase of 1% on a year-over-year basis. Adjusted net loss attributable to shareholders was $56 million ($0.45 per share).

Analysts had been expecting revenue of $166 million and a per-share loss of $0.31.

For the full year, top line totaled $529 million, or 33% higher than the previous year. This, however, included roughly six months of revenue from a recently acquired Canadian subsidiary. Attributable net loss, meanwhile, landed at $39 million ($0.37 per diluted share).

Looking forward, Molycorp said that its financial performance for the first six months of 2013 "is likely to be slightly weaker than the third and fourth quarters of 2012." It did not provide precise financial figures.

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Related Tickers

12/31/1969 7:00 PM
MCPIQ $0.00 Down +0.00 +0.00%
Molycorp, Inc. CAPS Rating: **