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Shares of MP Materials (NYSE: MP) , a miner of rare-earth metals , jumped out of bed on the NYSE today -- and stayed up. As of 2:10 p.m. EDT, the stock retains a 9.6% gain.
Why? MP Materials crushed earnings estimates for its fiscal fourth quarter 2020. Reporting last night, the company said it earned $0.20 per share -- 10 times its per-share earnings of one year ago, and four times the $0.05 per share that analysts had forecast.