Recap: Livent Q4 Earnings
Shares of Livent (NYSE:LTHM) decreased in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share decreased 140.00% over the past year to ($0.02), which missed the estimate of $0.01.
Revenue of $82,200,000 up by 4.85% from the same period last year, which missed the estimate of $82,990,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
The upcoming fiscal year's revenue expected to be between $335,000,000 and $365,000,000.
Details Of The Call
Date: Feb 18, 2021
Time: 05:00 PM
Technicals
Company's 52-week high was at $23.99
Company's 52-week low was at $3.95
Price action over last quarter: Up 42.86%
Company Description
Livent is a pure-play lithium producer formed when FMC spun off its lithium business in October 2018. Livent should benefit from increased lithium demand via higher electric vehicle adoption, as lithium is a key component of EV batteries. The company's low-cost lithium carbonate production comes from brine resources in Argentina. Livent also operates downstream lithium hydroxide conversion plants in the United States and China and has a 25% stake in a fully integrated Canadian lithium project.
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