PHILADELPHIA (AP) — PHILADELPHIA (AP) — Arcadium Lithium plc (ALTM) on Thursday reported a fourth-quarter loss of $14.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Philadelphia-based company said it had a loss of 1 cent. Earnings, adjusted for one-time gains and costs, were 1 cent per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The supplier of performance lithium compounds posted revenue of $289 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $258.1 million.
For the year, the company reported profit of $103.2 million, or 9 cents per share. Revenue was reported as $1.01 billion.
Arcadium shares have climbed 14% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.83, an increase of 21% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALTM at https://www.zacks.com/ap/ALTM
/Advanced%20Micro%20Devices%20Inc_%20logo%20on%20phone%20and%20website-by%20T_Schneider%20via%20Shutterstock.jpg)
/Intel%20Corp_%20badge%20holder-by%20hasrul_rais%20via%20Shutterstock.jpg)
/Palantir%20by%20Hiroshi-Mori-Stock%20via%20Shutterstock.jpg)
/Robinhood%20app%20on%20phone%20by%20Andrew%20Neel%20via%20Unsplash.jpg)