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Rare Earths Giant Lynas Shares Fall to Five-Month Low After Revenue Miss

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Commodities Rare Earths Giant Lynas Shares Fall to Five-Month Low After Revenue Miss Lynas Rare Earths Ltd. shares dropped to a five-month low after Australia’s largest rare-earths producer reported quarterly sales that missed analysts’ expectations. Revenue increased 9% to A$288.9 million ($202 million) in the fourth quarter, according to an exchange filing Wednesday, below the A$391 million average of analyst estimates compiled by Bloomberg. Rare earth sales volumes declined during the...

Commodities Rare Earths Giant Lynas Shares Fall to Five-Month Low After Revenue Miss Lynas Rare Earths Ltd. shares dropped to a five-month low after Australia’s largest rare-earths producer reported quarterly sales that missed analysts’ expectations. Revenue increased 9% to A$288.9 million ($202 million) in the fourth quarter, according to an exchange filing Wednesday, below the A$391 million average of analyst estimates compiled by Bloomberg. Rare earth sales volumes declined during the three-month period.
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Originally published by Bloomberg Markets Read original →