Wednesday, Cabot Corp. (CBT) reported a fourth-quarter net loss of $11 million or $0.17 per share, compared to net income of $12 million or $0.18 per share in the same quarter last year.
On an adjusted basis, net income was $0.30 per share, compared to $0.22 per share in the year ago quarter.
On average, eight analysts polled by Thomson Reuters expected the company to earn $0.13 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter was $610 million, down from $854 million in the comparable quarter last year. Analysts expected the company to report revenue of $597.50 million for the quarter.
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