General Moly, Inc. (GMO: Quote), a development stage company engaged in the production of the molybdenum mineral, Friday reported fourth-quarter net loss of $2.0 million or $0.03 per share, narrower than $2.9 million or $0.03 per share in the comparable quarter last year.
On average, three analysts on average polled by Thomson Reuters expected the company to report a loss of $0.02 per share. Analysts’ estimates typically exclude one-time items.
Net loss for the full year ended December 31, 2012 narrowed to $9.9 million or $0.11 per share from $14.8 million or $0.16 per share in the year ago period.
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by RTT Staff Writer
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