PHILADELPHIA (AP) — PHILADELPHIA (AP) — Arcadium Lithium plc (ALTM) on Tuesday reported second-quarter net income of $85.7 million.
On a per-share basis, the Philadelphia-based company said it had net income of 7 cents. Earnings, adjusted for one-time gains and costs, were 5 cents per share.
The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 5 cents per share.
The supplier of performance lithium compounds posted revenue of $254.5 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $253.6 million.
In the final minutes of trading on Tuesday, the company’s shares hit $2.64. A year ago, they were trading at $22.73.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALTM at https://www.zacks.com/ap/ALTM
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