On November 6, MP Materials Corp. rose 5.13% in Pre-Market Trading, trading at $35.38/share, with turnover of $0.54 million.

The move followed third-quarter results that came in ahead of expectations, while management said the magnetics business had reached an inflection point.

MP Materials Corp. reported adjusted EPS of $0.04, versus a consensus estimate for a loss of $0.02, and revenue of $147.655 million, above the $117.465 million estimate. Ahead of the release, market expectations had centered on strong revenue growth, narrowing losses, and progress in magnetics ramp-up; the latest report appears to have reinforced that operating turn.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)