Cabot CorporationCBT
▼ NegativeCapitalrelevance
Third-quarter profit dropped sharply to $6 million from $101 million, with adjusted EPS of $1.67.
Impact on stocks 1
Critical Materials & Supply Chain
Cabot CorporationCabot Corp reported a sharp decline in third-quarter profit, with earnings falling to $6 million, or $0.12 per share, from $101 million, or $1.86 per share, in the same period last year. Excluding items, adjusted earnings were $1.67 per share. Revenue rose 6.4% to $982 million from $923 million a year earlier. The company issued next-quarter EPS guidance of $6.15 to $6.45.
Cabot CorporationThird-quarter profit dropped sharply to $6 million from $101 million, with adjusted EPS of $1.67.