Livent Corporation (LTHM) Misses Q3 EPS by 6c, Revenues Beat

Livent Corporation (NYSE: LTHM) reported Q3 EPS of ($0.05), $0.06 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $72.6 million versus the consensus estimate of $68.19 million.

"We continue to see evidence that demand for lithium compounds will accelerate in 2021 and beyond, with growing support for electrification from OEMs, governments and consumers, despite significant disruptions in 2020," said Paul Graves, president and chief executive officer of Livent. "Livent continues to focus on strengthening its competitive position so we can support our customers with their future needs. Our ongoing partnership with Tesla and our agreement to invest in New Nemaska are examples of this. The major priorities we are seeing from our customers - the shift to lithium hydroxide and the growing importance of localized, sustainable supply chains - are core advantages for Livent that will continue to position us as an industry leader for years to come."

For earnings history and earnings-related data on Livent Corporation (LTHM) click here.

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