Molycorp Posts Losses in Q4 and 2012 (MCP)

Molycorp Posts Losses in Q4 and 2012

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Molycorp (NYSE: MCP ) 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.

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.