TSX:NEOChemicals
Neo Performance Materials (TSX:NEO) Stock Surges On Record Profit As Magnet Ramp Nears
Neo Performance Materials stock went into today with a mixed short term tape, slightly higher over the past week but down over the past month, and closed at CA$39.21 as investors absorbed a powerful earnings surprise. The headline is simple. Q2 revenue reached about US$206 million and adjusted earnings per share jumped to US$0.55, both backed by record adjusted earnings before interest, tax, depreciation and amortization.
The near term reaction tells only part of the story. The real question...