ESG Newsletter Portfolio Idea Albemarle Beats Consensus Estimates and Raises Guidance
publication date: May 9, 2022
Image Shown: Albemarle Corporation’s lithium operations are benefiting from the favorable supply-demand dynamic and strong pricing of late, which is supporting its company-wide financial performance and outlook in a big way. Image Source: Albemarle Corporation – First Quarter of 2022 IR Earnings Presentation.
On May 4, Albemarle Corp reported first quarter 2022 earnings that beat both consensus top- and bottom-line estimates. Due primarily to the outperformance of its ‘Lithium’ business reporting segment, Albemarle boosted its full-year guidance for 2022 in a big way during its latest earnings update. Shares of ALB skyrocketed after the news broke, and we continue to be big fans of the company. We include Albemarle as an idea in the ESG Newsletter portfolio.
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