Skip to playerSkip to main content
  • 6 minutes ago
USA Rare Earth shares fell after its second-quarter loss and revenue both missed analyst expectations, despite a $1.53 billion cash balance.

Category

🗞
News
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02USA Rare Earth shares fell in Monday's after-hour session after the company reported second-quarter
00:07results that missed analyst expectations. The company posted an adjusted loss of 15 cents
00:12per share on revenue of $5.82 million, compared with estimates for a 13-cent loss and $8.05
00:18million in revenue, according to Benzinga Pro. USA Rare Earth ended the quarter with
00:23approximately $1.53 billion in cash. The company expects to complete the round-top
00:28definitive feasibility study in the fourth quarter of 2026 and reach 600 metric tons per annum of
00:34run-rate magnet manufacturing capacity at its Stillwater facility. Shares were down 9.40%
00:40at $17.25 after hours Monday, according to Benzinga Pro. For all things money, visit benzinga.com.
Comments

Recommended