Connect with us

Business

Livent meets expectations as demand for lithium begins to rebound

Avatar

Published

on


FILE PHOTO: The company logo of lithium producer Livent Corp is displayed on a display on the New York Stock Exchange (NYSE) during the company’s IPO in New York, United States, October 11 2018. REUTERS / Brendan McDermid

(Reuters) – Lithium producer Livent Corp on Monday released adjusted quarterly profit that exceeded expectations on rising sales of the metal for ultralight batteries, as governments and automakers around the world launch aggressive plans to integrate vehicles electric (VE).

In a sign of optimism in the face of continued growing demand, Philadelphia-based Livent said it would resume expansions in the United States and Argentina that were halted last year due to the COVID pandemic. 19.

Livent posted a net loss of $ 800,000 in the first quarter, or one penny per share, compared to a net loss of $ 1.9 million, or one penny per share, in the same period of the previous year .

Excluding one-time items, Livent gained 2 cents per share. According to this measure, analysts were expecting earnings of one cent per share, according to IBES data from Refinitiv.

The company said it now expects its 2021 revenue to be near its previous forecast of $ 335 million to $ 365 million.

We are becoming increasingly confident in the growth trajectory of lithium demand over the next few years, CEO Paul Graves said in a statement.

The company’s shares rose about 0.7% after-hours trading to $ 17.85.

Livent executives plan to hold a conference call with investors and analysts to discuss quarterly results on Monday afternoon.

Reporting by Ernest Scheyder; Edited by Leslie Adler and Will Dunham

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]