Albemarle's (ALB) Earnings and Revenues Beat Estimates in Q4
Albemarle(ALB) Zacks Investment Research·2024-02-16 01:46
Albemarle Corporation (ALB) logged a loss of $617.7 million or $5.26 per share in the fourth quarter of 2023. The figure deteriorated from a profit of $1,132.4 million or $9.60 per share a year ago.Adjusted earnings in the reported quarter came in at $1.85 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 ma ...