Cabot Corp Q3 adjusted earnings Inline With Estimates

Cabot Corp (CBT) released earnings for its third quarter that rose from the same period last year.

The company’s profit came in at $88 million, or $1.40 per share. This compares with $47 million, or $0.73 per share, in last year’s third quarter.

Analysts had expected the company to earn $1.06 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 21.1% to $854 million from $705 million last year.

Cabot Corp earnings at a glance:

-EPS (Q3): $1.06 vs. $0.83 last year.
-Analysts Estimate: $1.06
-Revenue (Q3): $854 Mln vs. $705 Mln last year.

by RTTNews Staff Writer

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