U.S. Stock Market Movement | Albemarle Corporation (ALB.US) Rise Over 6% as Strong Lithium Demand Exceeds Q2 Expectations
According to Zhitong Finance APP, on Thursday, Alcoa Corp (ALB.US) rose by over 6%, reaching $126.21. In terms of news, Alcoa announced its second-quarter financial report, with net sales of $1.74 billion, a year-on-year increase of 31%, compared to the estimated $1.62 billion; adjusted earnings per share were $3.75, up from $0.11 in the same period last year, against an estimate of $3.22; adjusted EBITDA was $858 million, compared to $337 million in the same period last year, with an estimate of $779 million. Alcoa has reduced its capital expenditure forecast for this fiscal year to approximately $500 million.
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