Lithium Stock Albemarle Gains 3% on Earnings and Revenue That Beat Wall Street's Estimates

Albemarle (ALB 2.72%) stock gained 2.7% on Thursday, following the giant lithium producer's release on the prior afternoon of its fourth-quarter 2023 report. This modest rise was likely in part due to the quarter's revenue and adjusted earnings per share (EPS) exceeding Wall Street's expectations. Shares also probably got a mild tailwind from the overall market, as all the major indexes were up. On the negative side, however, the North Carolina-based specialty chemicals company's 2024 revenue guidance came ...