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BOSTON (AP) _ Cabot Corp. (CBT) on Wednesday reported fiscal third-quarter net income of $56 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Boston-based company said it had profit of 88 cents. Earnings, adjusted for non-recurring costs, were 93 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
The chemical company posted revenue of $621 million in the period.
Cabot shares have increased 19 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $48.47, an increase of 41 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBT at http://www.zacks.com/ap/CBT
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Keywords: Cabot, Earnings Report
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Cabot Corporation
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CODE : CBT |
ISIN : US1270551013 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cabot is a producing company based in United states of america. Cabot is listed in United States of America. Its market capitalisation is US$ 5.8 billions as of today (€ 5.4 billions). Its stock quote reached its lowest recent point on December 16, 1994 at US$ 10.01, and its highest recent level on April 23, 2024 at US$ 93.16. Cabot has 61 807 147 shares outstanding. |