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BOSTON (AP) _ Cabot Corp. (CBT) on Monday reported fiscal fourth-quarter earnings of $43 million.
The Boston-based company said it had profit of 68 cents per share. Earnings, adjusted for one-time gains and costs, were 78 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.
The chemical company posted revenue of $672 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $707.8 million.
For the year, the company reported a loss of $331 million, or $5.23 per share, swinging to a loss in the period. Revenue was reported as $2.87 billion.
Cabot shares have declined 18 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $35.87, a fall of 23 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBT at http://www.zacks.com/ap/CBT
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Keywords: Cabot, Earnings Report
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Cabot Corporation
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CODE : CBT |
ISIN : US1270551013 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cabot is a producing company based in United states of america. Cabot is listed in United States of America. Its market capitalisation is US$ 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 26, 2024 at US$ 93.59. Cabot has 61 807 147 shares outstanding. |