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MP Materials Corp (NYSE:MP) reported quarterly financial results after the market close on Thursday. Here’s a look at the key highlights from the first quarter.
- MP Materials shares are trending. What’s impacting MP stock?
MP Materials Q1 Highlights
MP Materials turned in first-quarter revenue of $90.65 million, beating analyst estimates of $76.47 million, according to Benzinga Pro. The company reported first-quarter adjusted earnings of three cents per share, beating analyst estimates for breakeven earnings.
Total revenue was up 49% on a year-over-year basis, driven by higher sales of NdPr oxide and metal, reflecting the continued ramp …
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