Albemarle: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2024, 01:48 AM ET
Last Updated - Aug 01, 2024, 01:48 AM EDT
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Albemarle Corp. (ALB) on Wednesday reported a second-quarter loss of $188.2 million, after reporting a profit in the same period a year earlier.
The Charlotte, North Carolina-based company said it had a loss of $1.96 per share. Earnings, adjusted for non-recurring costs, were 4 cents per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The specialty chemicals company posted revenue of $1.43 billion in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $1.4 billion.
