| Cabot beats 4Q profit forecasts | |
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BOSTON (AP) _ Cabot Corp. (CBT) on Wednesday reported profit of $33 million in its fiscal fourth quarter.
On a per-share basis, the Boston-based company said it had net income of 51 cents. Earnings, adjusted for one-time gains and costs, came to 85 cents per share.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.
The chemical company posted revenue of $911 million in the period, which did not meet Street forecasts. Analysts expected $933.3 million, according to Zacks.
Cabot shares have decreased 6 percent since the beginning of the year. The stock has risen roughly 5 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. CBT stock research report from Zacks.
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Keywords:Cabot,Earnings Report
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Cabot Corporation
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CODE : CBT |
ISIN : US1270551013 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cabot is a producing company based in United states of america. Cabot is listed in United States of America. Its market capitalisation is US$ 6.9 billions as of today (€ 6.2 billions). Its stock quote reached its lowest recent point on December 16, 1994 at US$ 10.01, and its highest recent level on September 19, 2024 at US$ 111.19. Cabot has 61 807 147 shares outstanding. |