Albemarle Q2 Profit Declines - Quick Facts

(RTTNews) - Albemarle Corporation (ALB) Wednesday reported second-quarter net income attributable to the company of $22.4 million or $0.28 per share, down from $82.7 million or $0.98 per share last year.

Excluding special items, second-quarter earnings were $86.8 million or $1.10 per share, compared to $79.2 million or $0.94 per share last year. On average, 14 analysts polled by Thomson Reuters expected earnings of $1.07 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter rose to $604.72 million from $576.84 million last year. Analysts expected revenues of $624.34 million for the quarter.