04:04 AM EST, 11/07/2024 (MT Newswires) -- Albemarle (ALB) reported a Q3 adjusted loss late Wednesday of $1.55 per diluted share, swinging from an adjusted profit of $2.74 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.43.

Revenue for the quarter ended Sept. 30 was $1.35 billion, compared with $2.31 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.37 billion.

The company said it maintained its 2024 guidance considerations as cost improvements, higher volumes, and performance offset lower market pricing.

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