Cabot Corp (CBT) revealed earnings for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $94 million, or $1.69 per share. This compares with $84 million, or $1.49 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 $1.86 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 8.1% to $936 million from $1.019 billion last year.
Cabot Corp earnings at a glance (GAAP) :
-Earnings: $94 Mln. vs. $84 Mln. last year.
-EPS: $1.69 vs. $1.49 last year.
-Revenue: $936 Mln vs. $1.019 Bln last year.
-Guidance:
Full year EPS guidance: $7.15 to $7.50
For comments and feedback: editorial@rttnews.com