01
Nov
17:17
Livent revises revenue guidance after 9% decline in Q3
Philadelphia-headquartered lithium giant Livent has reported a 9% year-on-year decline in its third-quarter revenue, and revised downwards its revenue guidance for the year.
The firm is now projecting its 2023 revenue at between $890 million and $940m, down from its previous top-line guidance of $1.13 billion. However, the company is still anticipating “significant” year-over-year revenue growth between 9% and 16%.
Net profit, meanwhile, rose 13% on…
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Very good overview of the weekly steel market.
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