in this issue
Services :: Financial
Cytec Beats Estimates; Planning to Sell Building Block Chemicals
5:39 PM MST | January 27, 2011 | Vincent Valk
Cyctec reported fourth-quarter earnings of $48 million, or 95 cts/share, on sales of $700 million, the company announced today. Results beat analyst consensus estimates of 64 cts/share. Earnings rose strongly from the fourth-quarter of 2009, when they totaled $9.8 million, or 20 cts/share. Sales rose somewhat, from $648 million. Earnings included a one-time $9.7 million, or 19 cts/share, income tax benefit related to the reversal of deferred tax valuation in some of Cytec's international operations. Full-year 2010 earnings were $2.99/share, on total sales of $2.7...
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: