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WILMINGTON, Del. (AP) _ Chemours Co. (CC) on Thursday reported fourth-quarter net income of $19 million, after reporting a loss in the same period a year earlier.
The Wilmington, Delaware-based company said it had profit of 11 cents per share. Earnings, adjusted for non-recurring costs, came to 61 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The chemical company posted revenue of $1.3 billion in the period.
For the year, the company reported net income of $219 million, or $1.32 per share, swinging to a profit in the period. Revenue was reported as $4.97 billion.
Chemours expects full-year earnings in the range of $2.40 to $3.12 per share.
Chemours shares have climbed 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.42, a rise of 84% in the last 12 months.