Why MP Materials Stock Took Off Like a Rocket
Investors' reaction to MP Materials' (NYSE: MP) big earnings beat last week was... underwhelming.
On Thursday evening, MP Materials reported $99.8 million in Q3 2021 revenue, where Wall Street had expected less than $74 million. Instead of the Street's predicted $0.16-per-share profit, MP Materials earned $0.23 per share -- and so the stock declined 1.2% Friday.
No matter. MP Materials more than made up for lost time on Monday, closing the day up 13.9%.
Source Fool.com