Albemarle's (ALB) Earnings Miss Estimates in Q2, Revenues Beat

Albemarle Corporation (ALB) logged a loss of $1.96 per share in the second quarter of 2024. In the year-ago quarter, the company had reported earnings of $5.52 per share.Adjusted earnings in the reported quarter came in at 4 cents per share, missing the Zacks Consensus Estimate of 53 cents.Revenues fell roughly 40% year over year to $1,430.4 million in the quarter. However, the metric beat the Zacks Consensus Estimate of $1,400.7 million. The top line was hurt by lower prices, partly offset by the volume gr ...