Albemarle Q2 EPS $7.33 Beats $4.44 Estimate, Sales $2.37B Miss $2.43B Estimate
Portfolio Pulse from Benzinga Newsdesk
Albemarle (NYSE:ALB) reported Q2 earnings of $7.33 per share, beating the analyst consensus estimate of $4.44 by 65.09%. This is a 112.46% increase from the same period last year. However, the company's quarterly sales of $2.37 billion missed the analyst consensus estimate of $2.43 billion by 2.47%. Sales increased by 60.14% from the same period last year.
August 04, 2023 | 12:12 pm
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NEUTRAL IMPACT
Albemarle's Q2 earnings beat estimates, but sales missed expectations. This mixed result could lead to volatility in the stock's price.
Albemarle's earnings beat estimates, which is positive for the stock. However, the sales miss could offset this positive impact, leading to potential volatility in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100