US Stocks Movement | Albemarle (ALB.US) rises over 6% as strong lithium demand drives Q2 earnings to exceed expectations

According to Zhitong Finance APP, on Thursday, Albemarle (ALB.US) rose over 6%, closing at $126.21. In terms of news, Albemarle announced its second-quarter financial report: net sales reached $1.74 billion, up 31% year-on-year, with an estimated $1.62 billion; adjusted earnings per share were $3.75, compared to $0.11 in the same period last year, and the estimate was $3.22; adjusted EBITDA was $858 million, compared to $337 million in the same period last year, and the estimate was $779 million. Albemarle has reduced its capital expenditure forecast for this fiscal year to approximately $500 million.