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Joined Nov 11, 2007
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$MCP Falls After Delaying Filing, Company Warns on Impairment Charge

Molycorp is delaying its quarterly results and its annual report as it has yet to determine the size of a goodwill impairment charge that it will have to book in the fourth quarter, the rare earth producer said on Thursday.

Shares of Molycorp were down more than 8 percent in pre-market trading. (Click here to track Molycorp stock before the opening bell.)

The company was expected to report financial results for the fourth quarter and full year ended Dec. 31 later on Thursday…”

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