05:32 PM EDT, 07/31/2024 (MT Newswires) -- Albemarle (ALB) reported Q2 adjusted diluted earnings late Wednesday of $0.04, down from $7.33 a year earlier.

Analysts surveyed by Capital IQ expected $0.46.

Net sales for the quarter ended June 30 was $1.43 billion, down from $2.37 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.33 billion.

The company said it now expects full-year 2024 net sales of $5.5 billion to $6.2 billion. Analysts surveyed by Capital IQ expect $5.74 billion.

Shares of the company fell 1.3% in after-hours activity.

Price: 92.50, Change: -1.17, Percent Change: -1.25