UPDATE 1-Livent results top expectations as lithium demand begins to rebound [Reuters]
Livent Corporation (LTHM)
Last livent corporation earnings: 2/20 04:15 pm
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Source: Reuters
UPDATE 1-Livent results top expectations as lithium demand begins to rebound By Reuters Staff 2 Min Read (Adds earnings comparison, stock movement, earnings details) May 3 (Reuters) - Lithium producer Livent Corp posted an adjusted quarterly profit on Monday that exceeded expectations on rising sales of the ultralight battery metal, with governments and automakers across the globe launching aggressive plans to make electric vehicles (EVs) mainstream. In a sign of bullishness on continued rising demand, Philadelphia-based Livent said it would resume expansions in the United States and Argentina that had been paused last year because of the COVID-19 pandemic. Livent posted a first-quarter net loss of $800,000, or a penny per share, compared to a net loss of $1.9 million, or a penny per share, in the year-ago period. Excluding one-time items, Livent earned 2 cents per share. By that measure, analysts expected earnings of a penny per share, according to IBES data from Refinitiv. The comp
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