Dow Jones Newswires: Molycorp Q1 loss narrows sharply but results miss street

Dow Jones Newswires reports:

Rare-earth stage.mining.company Molycorp Inc.’s (MCP) first-quarter loss narrowed due to higher sales volume and a jump in rare-earth prices, although the company’s adjusted profit and sales growth missed analysts’ expectations. Shares fell 5% to $63.13 in after-hours trading, after closing the regular session down 7.2%. The stock is up 33% this year through Tuesday’s close.