Albemarle (NYSE:ALB) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Albemarle beat estimated earnings by 46.8%, reporting an EPS of $10.32 versus an estimate of $7.03.
Revenue was up $1.45 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.34 which was followed by a 4.7% increase in the share price the next day.
Here’s a look at Albemarle’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 8.28 | 6.97 | 3.20 | 1.63 |
| EPS Actual | 8.62 | 7.50 | 3.45 | 2.38 |
| Revenue Estimate | 2.63B | 2.25B | 1.51B | 1.02B |
| Revenue Actual | 2.62B | 2.09B | 1.48B | 1.13B |
To track all earnings releases for Albemarle visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
