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Cabot: Fiscal 3Q Earnings Snapshot

BOSTON (AP) _ Cabot Corp. (CBT) on Monday reported fiscal third-quarter earnings of $88 million.

On a per-share basis, the Boston-based company said it had net income of $1.40. Earnings, adjusted for non-recurring gains, came to $1.06 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.

The chemical company posted revenue of $854 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $831.2 million.

Cabot shares have climbed roughly 9 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $67.04, an increase 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