Albemarle Q3 Profit Declines

(RTTNews) - Albemarle Corp. (ALB) Wednesday reported third quarter net income attributable to the company of $90.51 million, or $1.11 per share3, compared to $109.46 million or $1.22 per share in the comparable quarter last year.

Excluding special and non-operating pension and OPEB items, third quarter 2013 earnings were $89.4 million, or $1.09 per share, compared to $103.1 million, or $1.15 per share, for the third quarter of 2012.

On average, 17 analysts polled by Thomson Reuters expected the company to earn $1.06 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales totaled $648.64 million, down from $661.23 million last year, while twelve analysts expected revenues of $642.78 million.