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Bloomberg reported that Molycorp (NYSE:MCP) posted profits that beat analyst estimates as rare earth demand increased due to lower prices.
Bloomberg reported that Molycorp (NYSE:MCP) posted profits that beat analyst estimates as rare earth demand increased due to lower prices.
As quoted in the market news:
Net income was $26.6 million, or 26 cents a share. Net income excluding one-time items was 41 cents, beating by 1 cent the average of six analysts’ estimates compiled by Bloomberg.