| Cabot reports 3Q loss | |
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BOSTON (AP) _ Cabot Corp. (CBT) on Tuesday reported a fiscal third-quarter loss of $445 million, after reporting a profit in the same period a year earlier.
The Boston-based company said it had a loss of $7.04 per share. Earnings, adjusted for one-time gains and costs, came to 64 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The chemical company posted revenue of $694 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $784.2 million.
Cabot shares have fallen 21 percent since the beginning of the year. The stock has declined 34 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBT at http://www.zacks.com/ap/CBT
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Keywords: Cabot, Earnings Report
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Cabot Corporation
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CODE : CBT |
ISIN : US1270551013 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cabot is a producing company based in United states of america. Cabot is listed in United States of America. Its market capitalisation is US$ 5.7 billions as of today (€ 5.3 billions). Its stock quote reached its lowest recent point on December 16, 1994 at US$ 10.01, and its highest recent level on April 25, 2024 at US$ 92.19. Cabot has 61 807 147 shares outstanding. |