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BR's Albemarle beats Wall Street forecast

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Posted: Oct 26, 2009 9:24 PM by Sylvia Weatherspoon
Updated: Oct 26, 2009 9:30 PM
Source: Associated Press

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Topics: Albemarle Corporation, Wall Street, 3Q earnings, BR Albemarle, forecasts

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.

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