Investing.com - Albemarle reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Albemarle announced earnings per share of $7.50 on revenue of $2.1B. Analysts polled by Investing.com anticipated EPS of $6.78 on revenue of $2.2B.
Albemarle shares are down 32% from the beginning of the year and are trading at $266.52 , down-from-52-week-high.
Albemarle follows other major Materials sector earnings this month
Albemarle's report follows an earnings beat by Sherwin-Williams on October 25, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Nutrien had missed expectations on Wednesday with third quarter EPS of $2.51 on revenue of $8.19B, compared to forecast for EPS of $4.1 on revenue of $8.97B.
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