Minerals Technologies Inc
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Materials : Chemicals | Small Cap Blend
Company profile

Minerals Technologies Inc. is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and related systems and services around the world. It operates through four segments. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and sells natural mineral products, primarily limestone and talc. The Performance Materials segment is a supplier of bentonite and bentonite-related products to industrial and consumer markets globally. The Refractories segment produces and markets monolithic and shaped refractory materials and specialty products, services and application and measurement equipment. The Energy Services segment offers a range of services to improve the production, costs, compliance and environmental impact of activities performed in the oil and gas industry.

Postmarket

Last Trade
Delayed
$0.00
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$63.56
Day's Change
1.63 (2.63%)
Bid
--
Ask
--
B/A Size
--
Day's High
63.96
Day's Low
61.69
Volume
(Heavy Day)
Volume:
156,544

10-day average volume:
103,043
156,544

XPeng's stock soars, as China-based EV maker reports more than fourfold jump in revenue

6:19 am ET November 12, 2020 (MarketWatch)
Print

Shares of XPeng Inc. (XPEV) shot up 11% in premarket trading Thursday, after the China-based electric vehicle maker reported a third-quarter loss that widened from a year ago but revenue that jumped more than fourfold as deliveries soared 266%. XPeng, which went public in late August, recorded a net loss of RMB1.15 bln ($169.2 million), or RMB5.07 per American depositary share, after a loss of RMB776.3 million, or RMB5.62 per ADS, in the year-ago period, as the ADS outstanding more than doubled to 399.7 million from 174.7 million. Excluding non-recurring items, the adjusted per-ADS loss was RMB2.16 Revenue grew 342.5% to RMB1.99 billion ($293.1 million). The loss per ADS missed expectations while revenue beat, according to FactSet, which had just two analyst estimates. Deliveries climbed 265.8% from last year to 8,578 vehicles, while deliveries of the P7 vehicle were 6,210, up from 325 in the sequential second quarter. October deliveries totaled 3,040 vehicles, up 229.0% from last year. Gross margin was 4.6%, compared with negative 10.1% a year ago. For the fourth quarter, XPeng expects to deliver about 10,000 vehicles, up 210.8% from last year, and revenue is expected to increase 243.7% to RMB2.20 billion ($332.4 million). XPeng's stock has rallied 67.1% since the end of September through Wednesday, while shares of China-based rivals Nio Inc. (NIO) have run up 103.0% and Li Auto Inc. (LI) have advanced 43.6%. In comparison, iShares MSCI China ETF (MCHI) has gained 7.4% quarter to date and the S&P 500 has tacked on 6.2%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

November 12, 2020 06:19 ET (11:19 GMT)

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