Albemarle Q4 Adj. Profit Tops View

(RTTNews) - Albemarle Corp. (ALB) Tuesday reported fourth-quarter net income attributable to the company of $155.9 million, or $1.91 per share, compared to $37.7 million or $0.42 per share in the comparable quarter last year.

Excluding special and non-operating pension and OPEB items, fourth quarter 2013 earnings were $88.4 million, or $1.08 per share, compared to $105.2 million, or $1.17 per share,in the prior year period.

On average, 18 analysts polled by Thomson Reuters expected the company to earn $1.04 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales totaled $691.96 million, down from $687.60 million last year, while thirteen analysts expected revenues of $654.92 million.