Albemarle (NYSE: ALB) closed the latest trading day at $88.50, indicating a -0.9% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.75%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 1%.
The specialty chemicals company's shares have seen an increase of 22.58% over the last month, surpassing the Basic Materials sector's gain of 0.53% and the S&P 500's gain of 4.03%.
The investment community will be closely monitoring the performance of Albemarle in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.03, showcasing a 101.09% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.39 billion, down 39.92% from the year-ago period.
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