WILMINGTON, Del. (AP) _ Chemours Co. (CC) on Tuesday reported first-quarter earnings of $100 million.
On a per-share basis, the Wilmington, Delaware-based company said it had net income of 61 cents. Earnings, adjusted for non-recurring costs, were 71 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The chemical company posted revenue of $1.31 billion in the period.
Chemours shares have dropped 33% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12.18, a fall of 61% in the last 12 months.