Livent Releases First Quarter 2023 Results
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May 3, 2023 8:08 AM EDT
Livent Corporation (NYSE: LTHM) shares have jumped more than 9% premarket Wednesday after the company smashed Q1 earnings expectations and raised full-year 2023 revenue and adjusted EBITDA guidance.
The Lithium producer reported Q1 EPS of $0.60, $0.21 better than the analyst estimate of $0.39., while revenue for the quarter also came in above expectations at $253.5 million versus the consensus estimate of $230.24 million.
The company's revenue was boosted by higher realized lithium pricing, higher average realized prices across all products and strong demand.
"We continue to expect strong financial performance in 2023 supported by pricing visibility from existing... More
May 2, 2023 4:10 PM EDT
Livent Corporation (NYSE: LTHM) reported Q1 EPS of $0.60, $0.21 better than the analyst estimate of $0.39. Revenue for the quarter came in at $253.5 million versus the consensus estimate of $230.24 million.
GUIDANCE:
Livent Corporation sees FY2023 revenue of $1.025-1.125 billion, versus the consensus... More
