| Cabot beats 3Q profit forecasts | |
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BOSTON (AP) _ Cabot Corp. (CBT) on Wednesday reported fiscal third-quarter net income of $56 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Boston-based company said it had profit of 88 cents. Earnings, adjusted for non-recurring costs, were 93 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
The chemical company posted revenue of $621 million in the period.
Cabot shares have increased 19 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $48.47, an increase of 41 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBT at http://www.zacks.com/ap/CBT
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Keywords: Cabot, Earnings Report
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Cabot Corporation
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CODE : CBT |
ISIN : US1270551013 |
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Cabot est une société de production minière basée aux Etats-Unis D'Amerique. Cabot est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 6,3 milliards US$ (5,8 milliards €). La valeur de son action a atteint son plus bas niveau récent le 16 décembre 1994 à 10,01 US$, et son plus haut niveau récent le 10 mai 2024 à 101,91 US$. Cabot possède 61 807 147 actions en circulation. |