Catalysts, Fine Chemicals Lift Albemarle Above Estimates

Albemarle posted earnings of $108 million ($1.20/share) for the fiscal first quarter ended March 31, 2012, up 1% from the same year-ago period, as gains in catalysts and fine chemicals were enough to offset a drop in polymer solutions volumes. Analysts' estimates were for $1.16/share, as reported by Thomson Reuters (New York). Sales increased 2%, to $712 million. First quarter results reflect an excellent start to 2012, says Luke Kissam, Albemarle CEO. "Year over year earnings growth in Catalysts and Fine Chemistry points to continued strong trends in those...

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