Albemarle: Q2 Earnings Snapshot

Albemarle Corp. reported second-quarter net income of $480 million, reversing a loss from the prior year, with adjusted earnings of $3.75 per share exceeding analysts' expectations of $3.35. Revenue reached $1.74 billion, surpassing forecasts of $1.59 billion. The company's stock has declined 16% year-to-date but rose 75% over the past 12 months.