Posted: Oct 26, 2009 9:24 PM by Sylvia Weatherspoon
Updated: Oct 26, 2009 9:30 PM
Source: Associated Press
Baton Rouge based Albemarle Corporation exceeded Wall Street forecasts in third quarter earnings, despite a 7.2 percent drop in profit. For the July-through-September period, the specialty chemical maker earned $52.1 million or 57 cents per share on revenue of $513.3 million. Analysts had forecast per-share earnings of 55 cents and revenue of $536.5 million for the latest quarter. A year ago Albemarle earnings in the third quarter were $56.2 million or 61 cents per share, on revenue of $660.4 million.