Albemarle (ALB) Tops Q3 EPS by 2c
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Albemarle Corporation (NYSE: ALB) reports Q3 EPS of $0.57, 2 cents better than the analyst estimate of $0.55. Revenue for the quarter was $515.3 million, which compares to the estimate of $536.49 million.
While challenging conditions still persist in some sectors, underlying market fundamentals seem to be improving. Short term, we remain cautious and continue to focus on cash generation until we get more comfortable with the sustainability of improved market conditions. We remain confident that Albemarle is well positioned to manage through the uncertainties of the present market cycle and to capture the expected medium to long-term upside.
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