Albemarle's (ALB) Earnings and Revenues Beat Estimates in Q4
ALBAlbemarle(ALB) Zacks Investment Research·2024-02-16 01:46

Albemarle Corporation (ALB) logged a loss of 617.7millionor617.7 million or 5.26 per share in the fourth quarter of 2023. The figure deteriorated from a profit of 1,132.4millionor1,132.4 million or 9.60 per share a year ago. Adjusted earnings in the reported quarter came in at 1.85pershare,toppingtheZacksConsensusEstimateof99cents.Revenuesfellroughly10.11.85 per share, topping the Zacks Consensus Estimate of 99 cents. Revenues fell roughly 10.1% year over year to 2,356.2 million in the quarter. However, the metric beat the Zacks Consensus Estimate of $2,289.8 million. The top line was hurt by lower lithium ...