MP Materials Q2 2024 Adj. EPS $(0.17) Misses $(0.09) Estimate, Sales $31.258M Miss $40.590M Estimate
Portfolio Pulse from Benzinga Newsdesk
MP Materials reported Q2 2024 adjusted EPS of $(0.17), missing the $(0.09) estimate. Sales were $31.258 million, falling short of the $40.590 million estimate.
August 01, 2024 | 8:09 pm
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NEGATIVE IMPACT
MP Materials reported disappointing Q2 2024 results with an adjusted EPS of $(0.17), missing the $(0.09) estimate, and sales of $31.258 million, below the $40.590 million estimate.
The significant miss on both EPS and sales estimates is likely to negatively impact MP Materials' stock price in the short term. Investors typically react unfavorably to such earnings disappointments.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100