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Cabot: Fiscal 4Q Earnings Snapshot

BOSTON (AP) _ Cabot Corp. (CBT) on Monday reported fiscal fourth-quarter earnings of $94 million.

The Boston-based company said it had profit of $1.51 per share. Earnings, adjusted for non-recurring gains, were $1 per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.

The chemical company posted revenue of $850 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $846 million.

For the year, the company reported a loss of $113 million, or $1.85 per share, swinging to a loss in the period. Revenue was reported as $3.24 billion.

Cabot expects full-year earnings in the range of $4.35 to $4.75 per share.

Cabot shares have declined 17 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $51.40, a drop of 20 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