: Livent stock rallies 10% after lithium miner posts higher profit, raises guidance


Shares of Livent Corp. LTHM jumped more than 10% in the extended session Tuesday after the lithium miner reported better-than-expected profit and sales for its first quarter, thanks to ongoing demand for the metal, and raised its guidance. Livent earned $114.8 million, or 55 cents a share, compared with $53.2 million, or 28 cents a share, in the year-ago period. Adjusted for one-time items, Livent earned 60 cents a share. “Continued strength in customer demand supported higher average realized prices across all products in the first quarter,” the miner said. Revenue rose 77% to $254 million, Livent said. Analysts polled…

This article was originally published by Marketwatch.com. Read the original article here.

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