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Here's Why Livent Stock Tumbled Today

TheMotleyFool

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Here's Why Livent Stock Tumbled TodayPhoto, wide shot, wide-angle lens, Coal mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/25526de2-54da-40ae-ba56-1e25dead3e81.png

Shares of Livent (NYSE: LTHM) fell as much as 17.4% today after the lithium producer reported fourth-quarter and full-year 2019 operating results. The company missed expectations for Q4 revenue and finally joined peers Albemarle and Sociedad Quimica y Minera (SQM) in slowing capacity expansion, which the smaller peer had previously resisted.

The revenue miss wasn't significant. Livent reported fourth-quarter revenue of $78 million, whereas Wall Street was expecting $82 million on average. But investors are more concerned with guidance for the year ahead.

As of 1:19 p.m. EST, the small-cap stock was sitting on a 15.5% loss.

Source Fool.com

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