MP Materials Q1 Earnings Beat: Rare Earth Stock Rises as Pentagon and Apple Bet Faces Big Test
MP Materials reported first-quarter revenue of $90.6 million, up 49%, and adjusted earnings of 3 cents a share, beating analyst estimates. NdPr production rose 63% to 917 metric tons, while sales jumped 117% to 1,006 metric tons. Shares climbed 4.26% in after-hours trading. The company advanced work at its Texas and California facilities.