PHILADELPHIA (AP) — Livent Corp. (LTHM) on Tuesday reported third-quarter net income of $18 million.
The Philadelphia-based company said it had net income of 12 cents per share.
The supplier of performance lithium compounds posted revenue of $97.7 million in the period.
For the current quarter ending in December, Livent expects its per-share earnings to range from 8 cents to 11 cents.
The company said it expects revenue in the range of $90 million to $100 million for the fiscal fourth quarter.
Livent expects full-year earnings in the range of 44 cents to 47 cents per share, with revenue ranging from $400 million to $410 million.
Livent shares have declined 45% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.58, a drop of 55% in the last 12 months.