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, exceeding the $2.19 billion forecast. Company's performance was marked by four positive revisions of EPS 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. În ultimele 12 luni, acțiunile companiei au crescut cu 67.88%, întărit de fondamentele puternice ale pieței de litiu. Evaluarea stării financiare a InvestingPro a clasat performanța companiei drept "buna".
