Lithium Price Recovery Fails to Hide Industry Downturn: Albemarle (ALB.US) Posts Larger-than-Expected Q4 Loss and Shuts Down Key Australian Production Line
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The financial report shows that Albemarle's Q4 revenue reached $1.43 billions, a year-on-year increase of 16.3%, exceeding expectations by $80 millions; net loss was $455.9 millions, equivalent to a loss of $3.87 per share; while net profit in the same period last year was $33.6 millions, equivalent to earnings of $0.29 per share.
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