PHILADELPHIA (AP) — Livent Corp. (LTHM) on Monday reported a loss of $800,000 in its first quarter.
On a per-share basis, the Philadelphia-based company said it had a loss of 1 cent. Earnings, adjusted for non-recurring costs, were 2 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The supplier of performance lithium compounds posted revenue of $91.7 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $83.6 million.
Livent expects full-year revenue in the range of $335 million to $365 million.
Livent shares have decreased roughly 6% since the beginning of the year. In the final minutes of trading on Monday, shares hit $17.72, more than tripling in the last 12 months.