Livent quarterly profit up 13%, cuts forecast on flat lithium sales
© Reuters. The company logo for lithium producer Livent Corp is displayed on a screen at the New York Stock Exchange during the company's IPO in New York, U.S., October 11, 2018. REUTERS/Brendan McDermid/File Photo) Corp posted a 13% increase in quarterly profit on Tuesday but cut its annual revenue and earnings forecast, citing sluggish sales volumes thus far this year.), posted third-quarter net income of $87.4 million, or 42 cents per share, compared to $77.
Livent said its merger with rival Allkem is on track to close by the end of the year. The combined company will be called Arcadium Lithium.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
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