Albemarle's (ALB) Earnings Miss Estimates in Q1, Revenues Beat

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. ...