IHS Chemical Week

Regions :: North America :: U.S.

Cytec earnings fall short of estimates; guidance cut due to economic risk

3:30 PM MDT | April 18, 2013 | Vincent Valk

Cytec has announced first-quarter earnings down 36.9% YOY, to $33.5 million, or 73 cts/share, on sales up 26.3%, to $477.4 million. Excluding special items, however, earnings rose 12.1%, to $34.2 million, or 75 cts/share. Earnings fell short of analysts’ consensus of 86 cts/share, as reported by Thomson Reuters (New York).   Cytec is also cutting its full-year 2013 earnings guidance by about 4.1%, to $4.50-$4.75/share, due to “a number of risks in the global economy,” says CEO Shane Fleming. These risks will mostly impact the...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa