Albemarle reports first quarter 2016 results and increases annual guidance
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UBS Raises Price Target on Albemarle (ALB) to $67 Following 1Q Report
May 11, 2016 9:10 AM EDTUBS reiterated a Neutral rating on Albemarle (NYSE: ALB), and raised the price target to $67.00 (from $52.00), following the company's 1Q earnings report. ALB reported sales and EBITDA were $865M and $245M. FX and M&A reduced sales by $23M and $54M, respectively, and EBITDA... More
Albemarle (ALB) Tops Q1 EPS by 26c; Boosts FY16 Revenue Outlook
May 10, 2016 4:33 PM EDTAlbemarle (NYSE: ALB) reported Q1 EPS of $1.12, $0.26 better than the analyst estimate of $0.86. Revenue for the quarter came in at $865.4 million versus the consensus estimate of $814.8 million.
GUIDANCE:
Albemarle sees FY2016 revenue of $3.3-3.6 billion, versus the consensus of $3.39... More
