Cabot: Fiscal 3Q Earnings Snapshot
BOSTON (AP) _ Cabot Corp. (CBT) on Monday reported fiscal third-quarter earnings of $88 million.
On a per-share basis, the Boston-based company said it had net income of $1.40. Earnings, adjusted for non-recurring gains, came to $1.06 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The chemical company posted revenue of $854 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $831.2 million.
Cabot shares have climbed roughly 9 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $67.04, an increase of 27 percent in the last 12 months.