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Albemarle Corp Q1 adjusted earnings Beat Estimates

Albemarle Corp (ALB) reported earnings for its first quarter that advanced from the same period last year.

The company's earnings totaled $131.76 million, or $1.18 per share. This compares with $51.21 million, or $0.45 per share, in last year's first quarter.

Excluding items, Albemarle Corp reported adjusted earnings of $145.21 million or $1.30 per share for the period.

Analysts had expected the company to earn $1.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.8% to $821.63 million from $722.06 million last year.

Albemarle Corp earnings at a glance:

-Earnings (Q1): $145.21 Mln. vs. $119.01 Mln. last year.
-EPS (Q1): $1.30 vs. $1.05 last year.
-Analysts Estimate: $1.21
-Revenue (Q1): $821.63 Mln vs. $722.06 Mln last year.

-Guidance:
Full year EPS guidance: $5.10 - $5.40
Full year revenue guidance: $3.2 - $3.4 Bln

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