Albemarle Q2 Profit Up - Quick Facts

(RTTNews) - Albemarle Corp. (ALB) Wednesday reported second-quarter profit of $91.13 million, up from $53.60 million in the same period last year. Net income attributable to the company increased to $82.74 million or $0.98 per share from $50.10 million or $0.56 per share last year.

Adjusted earnings for the quarter was $81.8 million or $0.97 per share. On average, 18 analysts polled by Thomson Reuters expected the company to earn $0.99 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales totaled $634.20 million, down from $684.89 million last year. Analysts expected revenues of $653.52 million.