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Molycorp (MCP): Q3 EPS of $0.67 misses by $0.01. Revenue of $138M misses by $24M. (PR)

Molycorp (MCP): Q3 EPS of $0.67 misses by $0.01. Revenue of $138M misses by $24M. (PR)
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  • leviek
    , contributor
    Comments (1683) | Send Message
     
    This is such a bunch of false and misleading crap. Molycorp didn't miss on anything. Their revenue was lower by $37 million due to a decision to transfer minerals to another internal mine for production which will in the next quarter or two be included as both revenue and earnings. I figure their actual non-gap earnings also would have been around .85 not .67 if they didn't ship internally. They are doing everything right but analysts just don't get it . Morgan Stanley analyst has it right and is reiterating outperform with a 90 target.
    11 Nov 2011, 03:30 PM Reply Like
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