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Benzinga
Benzinga
Business
Adam Eckert

Albemarle Shares Are Surging After Hours: Here's Why

Albemarle ALB Albemarle Corp NYSE

Albemarle Corp (NYSE:ALB) shares are trading higher in Wednesday's after-hours session after the company reported better-than-expected financial results and raised guidance.

Albemarle said first-quarter revenue increased 36% year-over-year to $1.13 billion, which beat the $1.02 billion estimate, according to data from Benzinga Pro. The company reported quarterly earnings of $2.38 per share, which beat the estimate of $1.63 per share. 

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