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
The National Labor Relations Board ruled in favor of McDonald's in a long-running case filed by workers who accused the fast-food giant of retaliation after they tried to unionize. The lawsuit, filed by 20 employees against McDonald's and some of its franchise operators in 2015. The lawsuit was seeking a ruling that would consider McDonald's a 'joint employer' with its franchisees. Shares of Facebook fell almost 3 percent in Thursday's trading after the Wall Street Journal reported that the Federal Trade Commission is considering seeking a preliminary injunction against Facebook amid antitrust concerns over the company's integration of its apps. Facebook had earlier said it was planning to integrate its three messaging services. Beverages giant Pepsi announced the launch Pepsi Café, a new coffee-infused cola, which will debut in the United States in April 2020. The new beverage, which aims to satisfy both cola lovers and coffee fanatics across the US, comes in two delicious flavors - Original and Vanilla, with roasted Arabica coffee. It will be available at all major national retailers beginning in April next year.
Follow RTT
>