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Cabot: Fiscal 3Q Earnings Snapshot

August 5, 2019

BOSTON (AP) _ Cabot Corp. (CBT) on Monday reported fiscal third-quarter net income of $32 million.

The Boston-based company said it had net income of 55 cents per share. Earnings, adjusted for non-recurring costs, came to $1 per share.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of $1 per share.

The chemical company posted revenue of $845 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $864.6 million.

Cabot shares have declined roughly 8% since the beginning of the year. In the final minutes of trading on Monday, shares hit $39.56, a fall of 41% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBT at https://www.zacks.com/ap/CBT

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