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. ...

Albemarle (ALB) reported $1.36 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 47.3%. EPS of $0.26 for the same period compares to $10.32 a year ago.The reported revenue represents a surprise of +3.91% over the Zacks Consensus Estimate of $1.31 billion. With the consensus EPS estimate being $0.35, the EPS surprise was -25.71%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

Albemarle (ALB) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $10.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -25.71%. A quarter ago, it was expected that this specialty chemicals company would post earnings of $0.99 per share when it actually produced earnings of $1.85, delivering a surprise of 86.87%.Over the last four quarter ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________________ FORM 10-Q _________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-12658 _____________________ ...

Exhibit 99.1 Contact: Meredith Bandy 1.980.999.5168 Albemarle Reports First Quarter 2024 Results CHARLOTTE, N.C. – May 1, 2024 - Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the first quarter ended March 31, 2024. First-Quarter 2024 and Recent Highlights (Unless otherwise stated, all percentage changes represent year-over-year comparisons) • Net sales of $1.4 billion, driven by Energy Storage ...

With the fallout in the electric vehicle space, contrarian investors may want to consider certain battery stocks to buy. This approach has a few advantages over targeting specific EV brands.First, all EVs require an underlying power supply. Second, it’s difficult to tell which automaker will ultimately stand victorious following the bloodbath. It could be one of the legacy manufacturers or a pure-play enterprise. It’s a tossup.Third, the political and ideological framework is pushing industries of all strip ...

USA News Group Commentary VANCOUVER, BC, April 26, 2024 /PRNewswire/ -- USA News Group – Already in 2023 there have been two multibillion-dollar takeover bids rejected that would've involved critical battery metals assets. The first to go down was Liontown Resources turning down a US$3.6 billion offer from Albemarle Corporation (NYSE:ALB), followed by Teck Resources Limited (NYSE:TECK) (TSX:TECK-A) (TSX:TECK-B) rejecting a US$23.2 billion merger proposal from Glencore plc (OTC:GLNCY). Meanwhile, mining gian ...

The lithium specialist's stock is looking increasingly attractive.Lithium miner Albemarle (ALB -1.80%) has struggled since hitting an all-time high in 2022, with shares down about 64% since. A primary cause of the decline is likely profit-taking after an intense run-up during the pandemic, but slowing adoption of electric vehicles (EVs) and reduced expectations for future EV demand are also significant factors.Multiple automakers -- including Ford Motor Company (NYSE: F), General Motors (NYSE: GM), Volkswag ...

When you look at the technology, it’s hard not to be bullish on the future of electric vehicles. The environmental impact alone should be enough to realize that EV adoption will continue to rise as time goes on. As cars move away from being automobiles and more towards computerized vehicles, the benefits of EV technology far outweigh the benefits of traditional internal combustion engines (ICE). So if you’re bullish on EV technology, one way to play the sector is to invest in battery stocks. Batteries are l ...

The demand for batteries has seen a significant surge in recent times, leading to a rise in the valuation of battery stocks. With governments worldwide implementing stricter emissions regulations and consumers increasingly choosing electric over traditional combustion engines, the future for EV battery stocks looks exceptionally bright.The electric vehicle battery market is projected to grow significantly from 2024 to 2029. As per Mordor Intelligence, the market could reach $178 billion by 2029, growing at ...