Cabot Corp (CBT) revealed a profit for third quarter that Decreased from last year but beat the Street estimates.
The company's earnings totaled $101 million, or $1.86 per share. This compares with $109 million, or $1.94 per share, last year.
Excluding items, Cabot Corp reported adjusted earnings of $1.90 per share for the period.
Analysts on average had expected the company to earn $1.83 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 9.2% to $923 million from $1.016 billion last year.
Cabot Corp earnings at a glance (GAAP) :
-Earnings: $101 Mln. vs. $109 Mln. last year.-EPS: $1.86 vs. $1.94 last year.-Revenue: $923 Mln vs. $1.016 Bln last year.
-Guidance:Full year EPS guidance: $7.15 to $7.50
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