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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