Recap: Albemarle Q1 Earnings

Albemarle ALB reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

Albemarle beat estimated earnings by 46.01%, reporting an EPS of $2.38 versus an estimate of $1.63.

Revenue was up $298.71 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 19.91% drop in the share price the next day.

Here's a look at Albemarle's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.99	0.77	0.83	0.8
EPS Actual	1.01	1.05	0.89	1.1
Revenue Estimate	894.47M	770.38M	788.60M	757.71M
Revenue Actual	894.20M	830.57M	773.90M	829.29M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Albemarle management provided guidance for FY 2022, expecting earnings between $9.25 and $12.25 per share.

To track all earnings releases for Albemarle visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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