Cabot Corp (CBT) revealed earnings for fourth quarter that Decreased from last year but beat the Street estimates.
The company's earnings came in at $43 million, or $0.79 per share. This compares with $137 million, or $2.43 per share, last year.
Excluding items, Cabot Corp reported adjusted earnings of $1.70 per share for the period.
Analysts on average had expected the company to earn $1.68 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 10.2% to $899 million from $1.001 billion last year.
Cabot Corp earnings at a glance (GAAP) :
-Earnings: $43 Mln. vs. $137 Mln. last year.-EPS: $0.79 vs. $2.43 last year.-Revenue: $899 Mln vs. $1.001 Bln last year.
-Guidance:Next quarter EPS guidance: $6.00 - $7.00
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.