Chemours: 2Q Earnings Snapshot

Chemours: 2Q Earnings Snapshot

Associated Press
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WILMINGTON, Del. (AP) _ Chemours Co. (CC) on Thursday reported second-quarter net income of $281 million.

On a per-share basis, the Wilmington, Delaware-based company said it had profit of $1.53. Earnings, adjusted for one-time gains and costs, came to $1.71 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.

The chemical company posted revenue of $1.82 billion in the period.

Chemours shares have decreased 12 percent since the beginning of the year. The stock has fallen slightly more than 8 percent in the last 12 months.

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

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