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People & Business :: Companies
Cabot earnings fall on Japan outage, miss estimates
8:21 AM MDT | May 1, 2013 | Clay Boswell
Cabot (Boston) reported net income of $27 million for the quarter ended 31 March, down 89% from the year-ago quarter, which included a one-time gain of $190 million from the sale of Cabot’s supermetals business. Net sales totaled $842 million, about level with the year-ago period’s $844 million. Reported net earnings were 63 cts/share, down 34% year-over-year (YOY) and 9% shy of the Wall Street consensus estimate of 69 cts/share as reported by Thomson Reuters. Second quarter Ebit for the reinforcement materials segment, mainly carbon black, fell...
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