Albemarle Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Albemarle (NYSE:ALB) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.43b (down 40% from 2Q 2023).
• Net loss: US$229.9m (down by 135% from US$650.0m profit in 2Q 2023).
• US$1.96 loss per share (down from US$5.54 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Albemarle Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Albemarle that you need to be mindful of.

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