Comment by
monkeyhere171 on Nov 01, 2023 11:13pm
Don't want to disappoint but tomorrow will be another 5% drop.. because of ALB news.. Albemarle (ALB.N), the world's largest producer of lithium for electric vehicle batteries, trimmed its annual forecast on Wednesday and reported a lower-than-expected quarterly profit amid slumping prices for the ultralight metal.
Comment by
Rinny1 on Nov 02, 2023 12:03am
9.5 billion made projected 9.8 billion Previously 10.8 billion projected 11.4 billion not too shabby lol
Comment by
Wheeler on Nov 02, 2023 3:49am
We might very well drop on ALBs earnings but ALB hit a 2 year low yesterday so I think the market has already factored a lot of it in. Besides, though their earnings came in lower than expected, they're still doing quite well. Like it said earlier, you don't bid 4 B to expand when business is bad.