Why Lithium Stocks Albemarle, Livent, and Lithium Americas All Crashed Today
It's a good-news/bad-news...worse-news kind of a day for investors in lithium mining companies Thursday. But let's start off with the good news: Albemarle (NYSE: ALB) just crushed on its Q1 2021 earnings report.
Heading into Q1, analysts had forecast that the lithium metals miner would earn $0.80 per share (pro forma) in Q1 on sales of just $757.7 million. As it turned out, though, when Albemarle reported its numbers last night, the company earned $1.10 per share (38% better than expected) on sales of $829.3 million (9% better than expected).
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Source Fool.com
