Reported 2 days ago
MP Materials faced an 8% decline in stock price after revealing a disappointing first-quarter earnings report, which showed a deeper net loss and revenue that fell short of analyst expectations. The firm, which operates the only rare earth mine in the U.S., reported a revenue increase of 25% year-over-year, yet it missed projections significantly. Ongoing trade tensions between the U.S. and China, where the company halted shipments, are likely to further impact investor sentiment.
Source: YAHOO