Neo Performance Materials down after Q3 results miss consensus

Nov. 11, 2022 11:40 AM ETNOPMFBy: Mary Christine Joy, SA News Editor

Investment And Finance Concept - Yellow Down Arrows Over Blue Financial Graph Background


Specialty chemicals company Neo Performance Materials (OTCPK:NOPMF) fell ~13% after Q3 results missed consensus.

Q3 non-GAAP EPS was -$0.04, while revenue of $146.6M (+22.3% Y/Y) misses by $11.5M.

Q3 revenue in the Magnequench segment stood at $67.4M, higher by

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