Charlotte, North Carolina-based Albemarle Corporation (ALB) develops, manufactures, and markets engineered specialty chemicals worldwide. With a market cap of $10.8 billion, Albemarle operates through Energy Storage, Specialties, and Ketjen segments. It is expected to announce its Q2 earnings after the market closes on Wednesday, July 31.
Ahead of the event, analysts expect Albemarle to report a profit of $0.58 per share, down 92.1% from $7.33 per share reported in the year-ago quarter. The company surpassed Wall Street’s EPS projection in two of the past four quarters while missing on two other occasions. Its EPS for the last reported quarter declined by 97.5% from the prior-year quarter to $0.26 while missing the consensus estimates by 25.7% amid lower prices.
