Cabot: Fiscal Q3 Earnings Snapshot
BOSTON (AP) _ Cabot Corp. (CBT) on Monday reported fiscal third-quarter earnings of $97 million.
The Boston-based company said it had net income of $1.69 per share. Earnings, adjusted for non-recurring costs, were $1.73 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.
The chemical company posted revenue of $1.15 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $1.04 billion.
Cabot expects full-year earnings in the range of $6.10 to $6.20 per share.
Cabot shares have climbed 29% since the beginning of the year. In the final minutes of trading on Monday, shares hit $72.74, a climb of 35% in the last 12 months.