Albemarle (ALB) Q4 Earnings & Sales Miss, View Disappoints
Zacks Investment Research | Feb 20, 2020 07:04AM ET
Albemarle Corporation (NYSE:ALB) recorded a profit of $90.4 million or 85 cents per share in the fourth quarter of 2019, down around 30% from $129.6 million or $1.21 per share it earned year ago.
Adjusted earnings for the reported quarter were $1.73 per share, up roughly 13% year over year. It lagged the Zacks Consensus Estimate of $1.75.
Revenues rose around 8% year over year to $992.6 million in the quarter. It, however, missed the Zacks Consensus Estimate of $1,001 million. Revenues were aided by higher volumes in the Lithium unit and favorable pricing in Bromine Specialties and Catalysts segments.
Albemarle Corporation Price, Consensus and EPS Surprise
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