Albemarle corporation sees q3 eps of $1.46

Oration announces preliminary third quarter 2019 financial results and provides revised full year 2019 guidance and 2020 update.sees q3 2019 adjusted earnings per share $1.53.sees q3 2019 earnings per share about $1.46.q3 earnings per share view $1.63 -- refinitiv ibes data.for q3, lithium business is expected to deliver revenue of $330 million.overall lithium pricing was flat to slightly up in q3.q3 sales volume was lower than expected primarily from typhoon tapah in late september.expects full-year 2020 ebitda performance to be lower than full-year 2019 results.sales volume shortfall impacted q3 by about $15 million in ebitda but is expected to be fully recovered in q4.remain confident in long-term growth prospects of lithium.q3 lithium business performance was impacted by discrete items.initiating a program aimed at capturing significant and sustainable cost savings over next two years.sees fy net sales $3.6 billion - $3.7 billion.sees fy adjusted eps $6.00 - $6.20.fy2019 earnings per share view $6.27, revenue view $3.63 billion -- refinitiv ibes data.albemarle - price pressure, need to utilize more tolled volume will lead q4 lithium performance being lower than previously forecasted.expects slight upside in bromine and catalysts in q4 but it will not offset impact from lithium.
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