Seeking Alpha

Molycorp misses estimates

  • Molycorp (MCP): Q3 EPS of -$0.43 misses by $0.14.
  • Revenue of $149.1M misses by $13M.
  • Shares -2.1% AH. (PR)
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Comments (6)
  • dreamin
    , contributor
    Comments (77) | Send Message
     
    While unpleasant, this certainly isn't as bad as I thought things would be after the warning in mid Oct.
    7 Nov 2013, 04:26 PM Reply Like
  • chopchop0
    , contributor
    Comments (3547) | Send Message
     
    Bad for all those people that kept on thinking it was a buy @ $20, $10, or $7 lol
    7 Nov 2013, 05:03 PM Reply Like
  • dreamin
    , contributor
    Comments (77) | Send Message
     
    Yeah I'm not saying that the results are great, just that I was expecting worse after the warning. Need to read the transcript to get some details. Hopefully they have some good info on mine status.
    7 Nov 2013, 05:08 PM Reply Like
  • happyguy
    , contributor
    Comments (207) | Send Message
     
    Agree. Next Qtr results will be better and it will give a boost to this stock
    7 Nov 2013, 08:46 PM Reply Like
  • dreamin
    , contributor
    Comments (77) | Send Message
     
    Man, revenues up Q/Q by 9%. Yeah they had to pour more into the upgrades with affected EPS, but I was thinking that revenues would have fallen short of last quarter.
    7 Nov 2013, 10:51 PM Reply Like
  • joelkatz
    , contributor
    Comments (462) | Send Message
     
    This miss is no surprise at all, and pretty much priced in already in recent share price drop.
    7 Nov 2013, 10:27 PM Reply Like
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