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Baton Rouge, Louisiana
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BR's Albemarle beats Wall Street forecast

5 years ago Monday, October 26, 2009 7:24:01 PM CDT October 26, 2009 Monday, October 26 2009 Oct 26, 2009 in News
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.

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