Published on 2 May 2024 on Zacks via Yahoo Finance
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 $10.51 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. The company’s results were impacted by lower lithium market pricing in the quarter.
Albemarle Corporation Price, Consensus and EPS Surprise