SAN FRANCISCO (MarketWatch) — Albemarle Corp. says its first-quarter earnings were $25.4 million, or 28 cents a share, compared to earnings of $63.3 million, or 67 cents a share, in the same period a year earlier. The Baton Rouge, La.-based chemical company said net sales in the period ended in March fell to $486.6 million from $668.2 million. The company cited “the continued steep downturn in consumer end-market demand” as the reason for the drop in profit.
Albemarle posts sharp decline
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