People & Business :: Earnings/Finance
Cabot easily beats earnings estimates on volume growth
10:03 AM MST | January 30, 2014 | Clay Boswell
Cabot reports net income for the fiscal first quarter of $80 million, up 300% year-on-year (YOY) on double-digit volume growth in reinforcement materials and performance materials. Adjusted earnings increased 30% YOY, to $0.86/share, well above the analysts’ consensus estimate of $0.71/share compiled by Thomson Reuters. Net sales increased 8.5% YOY, to $899 million....
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