Albemarle (ALB - Get Report), a supplier of flame retardants, said its third-quarter earnings fell from the year-ago period, hurt by a one-time charge.

The company earned $2.3 million, or 5 cents a share, in the quarter, compared with $26.3 million, or 55 cents a share, a year ago. Excluding a charge relating to the divestiture of its facility in France, the company earned $60.7 million, or $1.25 a share. Analysts surveyed by Thomson First Call were expecting earnings of 88 cents a share.

Third-quarter revenue rose 20% from a year ago to $607.8 million. Analysts were expecting revenue of $572.7 million in the most recent quarter.

By segment, third-quarter revenue from the polymer additives segment rose 23.2% from a year ago to $240.7 million, and revenue from catalysts segment increased 25.3% to $217.4 million. Revenue from chemicals segment rose 8.7% from a year ago to $149.7 million.

"All three of our segments saw continued revenue growth and improved profitability, with both Catalysts and Polymer Additives achieving segment income margins above our 15% corporate goal," the Richmond, Va.-based company said. "Our fourth quarter has begun on a strong note and we look forward to another successful year in 2007."

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