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BOSTON (AP) _ Cabot Corp. (CBT) on Wednesday reported fiscal second-quarter earnings of $26 million.
On a per-share basis, the Boston-based company said it had profit of 41 cents. Earnings, adjusted for non-recurring costs, were 53 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The chemical company posted revenue of $694 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $822.9 million.
Cabot shares have increased 3.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $45.39, a decline of 20 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBT at http://www.zacks.com/ap/CBT
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Keywords: Cabot, Earnings Report
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Cabot Corporation
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CODE : CBT |
ISIN : US1270551013 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cabot is a producing company based in United states of america. Cabot is listed in United States of America. Its market capitalisation is US$ 6.7 billions as of today (€ 6.0 billions). Its stock quote reached its lowest recent point on December 16, 1994 at US$ 10.01, and its highest recent level on September 18, 2024 at US$ 107.85. Cabot has 61 807 147 shares outstanding. |