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Why Minerals Technologies Stock Is Tumbling Today

Why Minerals Technologies Stock Is Tumbling Today

Weighing on the specialty minerals company was its fourth-quarter results, which fell short of expectations. Minerals Technologies' sales grew by 5% in the fourth quarter to $508 million, while revenue increased by 14% for the year to $2.13 billion. Adjusted earnings were $0.62 per share in the fourth quarter (compared to $1.23 per share in the year-ago period), pushing the full-year total to $3.73 per share (down from $4.86 per share in 2021).