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Chemical Week Magazine :: Newsbriefs
Albemarle updates earnings guidance
5:58 AM MST | December 20, 2013
Albemarle says it expects fourth-quarter earnings to total $83â€“88 million, or $1.02â€“1.07/share. This expectation compares with analystsâ€™ expectation of $1.21/share. The shortfall is due to â€śmore cautious inventory management by customers in fluid cracking catalysts, clear completion fluids and flame retardants, weaker-than-expected demand for brominated flame retardants, and certain orders slipping into 2014,â€ť Albemarle says. The company has seen a â€śweakening of demandâ€ť in long-troubled electronics end markets, it says. Albemarle also expects to...
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