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Lithium Maker Albemarle Absolutely Crushed Earnings. The Stock Is Dropping.

Por: MarketWatch Business May 04, 2023

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Sales rose about 129% year over year. Earnings jumped about 334%. Rising demand for lithium, and higher lithium prices as well as a change in pricing strategy boosted both numbers substantially. Overall, it’s an incredible quarter. The stock is down about 1.7% in after-hours trading because of changes to the company’s full-year 2023 outlook. “We see strong sales volume growth for the rest of the year but have modified our guidance to... + full article



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