logo
Plus   Neg
Share
Email

Chemours Company Reduces Guidance

The Chemours Company (CC) said, as a result of the weaker financial performance in the second quarter and increasing macro-economic uncertainty, the company is lowering its earnings guidance for the full year 2019. The company expects adjusted EPS of between $2.37 and $3.08 per share. Analysts polled by Thomson Reuters expect the company to report profit per share of $3.90. Analysts' estimates typically exclude special items.

For the second-quarter, adjusted earnings per share was $0.72 compared to $1.71, prior year. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.86, for the quarter.

Second-quarter net sales were $1.4 billion, compared to to $1.8 billion, a year ago. Analysts expected revenue of $1.5 billion, for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amity Packing Company Inc. is recalling around 2,020 pounds of raw ground beef products for possible plastic presence, the U.S. Department of Agriculture's Food Safety and Inspection Service stated. The agency said the products may be contaminated with extraneous materials, specifically clear, thin pliable plastic. The recall was initiated after Pre Brands LLC received two consumer complaints. Golden Pearl Trading Corp. is recalling certain ready-to-eat or RTE imported Siluriformes products that were produced without benefit of import inspection, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves around 12,054 pounds of Siluriformes products that were not presented for import re-inspection into the United States. The U.S. Food and Drug Administration has granted accelerated approval to Tazverik for the treatment of adults and pediatric patients aged 16 years and older with metastatic or locally advanced epithelioid sarcoma not eligible for complete resection. Epithelioid sarcoma is a rare sub-type of soft...
Follow RTT
>