Albemarle's (ALB) Earnings Miss Estimates in Q1, Revenues Beat
ALBAlbemarle(ALB) Zacks Investment Research·2024-05-02 20:00

Albemarle Corporation (ALB) logged a loss of 8 cents per share in the first quarter of 2024. In the year-ago quarter, the company had reported earnings of 10.51pershare.Adjustedearningsinthereportedquartercameinat26centspershare,missingtheZacksConsensusEstimateof35cents.Revenuesfellroughly4710.51 per share. Adjusted earnings in the reported quarter came in at 26 cents per share, missing the Zacks Consensus Estimate of 35 cents. Revenues fell roughly 47% year over year to 1,360.7 million in the quarter. However, the metric beat the Zacks Consensus Estimate of $1,309.6 million. The top line was hurt by lower prices in the Energy Storage unit ...