Molycorp Posts Losses in Q4 and 2012
Molycorp 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.
The article Molycorp Posts Losses in Q4 and 2012 originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Molycorp. The Motley Fool has no position in Molycorp. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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