| Cabot misses 2Q profit forecasts | |
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BOSTON (AP) _ Cabot Corp. (CBT) on Monday reported fiscal second-quarter profit of $48 million.
The Boston-based company said it had profit of 76 cents per share. Earnings, adjusted for non-recurring gains, were 70 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.
The chemical company posted revenue of $568 million in the period.
Cabot expects full-year earnings in the range of $3.05 to $3.25 per share.
Cabot shares have risen 20 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $48.96, an increase of 15 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBT at http://www.zacks.com/ap/CBT
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Keywords: Cabot, Earnings Report
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Cabot Corporation
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CODE : CBT |
ISIN : US1270551013 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cabot is a producing company based in United states of america. Cabot is listed in United States of America. Its market capitalisation is US$ 5.7 billions as of today (€ 5.0 billions). Its stock quote reached its lowest recent point on December 16, 1994 at US$ 10.01, and its highest recent level on March 28, 2024 at US$ 92.20. Cabot has 61 807 147 shares outstanding. |