Cabot Corp (CBT) revealed earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings came in at $137 million, or $2.43 per share. This compares with $234 million, or $4.10 per share, in last year's fourth quarter.
Excluding items, Cabot Corp reported adjusted earnings of $1.80 per share for the period.
Analysts on average had expected the company to earn $1.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 3.6% to $1.00 billion from $965 million last year.
Cabot Corp earnings at a glance (GAAP) :
-Earnings (Q4): $137 Mln. vs. $234 Mln. last year.
-EPS (Q4): $2.43 vs. $4.10 last year.
-Revenue (Q4): $1.00 Bln vs. $965 Mln last year.
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