Chilean lithium producer Soquimich B ADR (NYSE: SQM) reported second-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $2.31, beating the consensus estimate of $1.91 by $0.40.
Revenue for the quarter totaled $2.47 billion, surpassing the $2.19 billion forecast. The company’s performance was marked by four positive EPS revisions over the past 90 days, with no negative adjustments recorded during the period.
SQM’s shares closed at $74.47, reflecting a 7.12% decline over the past three months despite the earnings beat. Over the past year, the stock has gained 67.88%, supported by strong lithium market fundamentals. InvestingPro’s financial health assessment categorized the company’s performance as "good."
