This story originally appeared on Zacks
Livent (LTHM) closed at $23.73 in the latest trading session, marking a -1.94% move from the prior day. This move lagged the S&P 500’s daily loss of 0.1%. Elsewhere, the Dow lost 0.47%, while the tech-heavy Nasdaq lost 0.47%.
Coming into today, shares of the supplier of performance lithium compounds had lost 15.44% in the past month. In that same time, the Basic Materials sector gained 6.68%, while the S&P 500 gained 3.67%.
Livent will be looking to display strength as it nears its next earnings release. In that report, analysts expect Livent to post earnings of $0.06 per share. This would mark year-over-year growth of 400%. Our most recent consensus estimate is calling for quarterly revenue of $105.45 million, up 28.28% from the year-ago period.
It is also important to note the recent…