NYSE:ALBChemicals
Albemarle (ALB): Ongoing Losses Challenge Bullish Turnaround Narratives Despite Strong Profitability Forecasts
Albemarle (ALB) remains unprofitable, with reported losses having increased at an average rate of 22.5% per year across the last five years and no improvement shown in net profit margins in its most recent filing. Despite these challenges, the company’s earnings are forecast to rebound sharply at a predicted 66.75% annual growth rate, with profitability expected within three years. Revenue is projected to climb by 8.5% per year, which is slower than the US market average of 10.4%.
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