BUZZ-Albemarle rises on smaller-than-expected quarterly loss

Reuters
May 01
BUZZ-Albemarle rises on smaller-than-expected quarterly loss

** Shares of lithium miner Albemarle ALB.N up 2.3% at $59.90 after the bell

** Co reports a smaller-than-expected first quarter loss, helped by cost reduction efforts

** Quarterly adj. loss of 18 cents per share vs estimated loss of 59 cents per share - LSEG

** Co reports net loss attributable to Albemarle common shareholders at $340,000 vs loss of $9.1 million from a year earlier

** Up to last close, shares down 32% YTD

(Reporting by Tanay Dhumal in Bengaluru)

((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10