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Benzinga
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TMC Stock Slips After Q3 Earnings Miss Estimates: What To Know

1. TMC reported a quarterly loss of 14 cents per share, missing estimates. 2. Exploration expenses decreased to $9.6 million from $11.8 million last year. 3. CEO cites milestone studies amid rising investment in critical minerals. 4. TMC stock fell 3.29% in after-hours trading, closing at $4.81.

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FAQ

Why Bearish?

Missing earnings estimates typically leads to negative market reactions, evidenced by TMC's stock drop.

How important is it?

Earnings performance significantly influences investor sentiment and stock valuation.

Why Short Term?

Market reactions to earnings reports tend to affect stock prices quickly, often within days.

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