People & Business :: Earnings/Finance
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...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee