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Cabot: Fiscal 1Q Earnings Snapshot

BOSTON (AP) _ Cabot Corp. (CBT) on Monday reported fiscal first-quarter net income of $69 million, after reporting a loss in the same period a year earlier.

The Boston-based company said it had profit of $1.14 per share. Earnings, adjusted for one-time gains and costs, came to 87 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.

The chemical company posted revenue of $821 million in the period.

Cabot expects full-year earnings in the range of $4.20 to $4.60 per share.

Cabot shares have climbed 12 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $48.06, a fall of 27 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBT at https://www.zacks.com/ap/CBT