Albemarle: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 04:33 PM ET
Last Updated - Jun 21, 2023, 11:15 PM EDT
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Albemarle Corp. (ALB) on Wednesday reported first-quarter net income of $1.24 billion.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $10.51. Earnings, adjusted for non-recurring gains, came to $10.32 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $6.93 per share.
The specialty chemicals company posted revenue of $2.58 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $2.74 billion.
