Albemarle Q4 EPS $(5.19) Misses $1.01 Estimate, Sales $2.36B Beat $2.18B Estimate
Portfolio Pulse from Happy Mohamed
Albemarle (NYSE:ALB) reported a significant Q4 loss of $(5.19) per share, missing the analyst consensus estimate of $1.01 by 613.86%. Year-over-year, this represents a 160.21% decrease from earnings of $8.62 per share. However, Q4 sales of $2.36 billion exceeded expectations by 8.08%, despite being a 10.10% decrease from the previous year's $2.62 billion.
February 14, 2024 | 9:13 pm
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Albemarle reported a significant Q4 EPS loss and missed earnings estimates but exceeded sales expectations.
The substantial miss in EPS expectations, coupled with a significant year-over-year decrease in earnings, is likely to negatively impact investor sentiment and ALB's stock price in the short term. However, the beat on sales estimates might provide some buffer against a steep decline.
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