Lithium Stock Livent Drops Despite Earnings Beat, Reaffirms 2023 Guidance
Shares of Livent (NYSE: LTHM) fell 3.9% in Thursday's after-hours trading, following the pure-play lithium producer's release of its second-quarter report.
The stock's modest decline is probably largely attributable to the quarter's revenue missing Wall Street's consensus estimate. Broad market dynamics were also likely a factor, as all major indexes were slightly down on Thursday.
On the positive side, the quarter's earnings surpassed the analyst expectation. And in what many investors probably viewed as a neutral development, management reaffirmed its 2023 guidance.
Source Fool.com
