Cabot Corp Q2 Profit Increases, Beats Estimates

August 05, 2024 — 05:06 pm EDT

Written by RTTNews.com for RTTNews

(RTTNews) - Cabot Corp (CBT) released a profit for its second quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $84 million, or $1.49 per share. This compares with $75 million, or $1.29 per share, in last year's second quarter.

Excluding items, Cabot Corp reported adjusted earnings of $1.78 per share for the period.

Analysts on average had expected the company to earn $1.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.4% to $1.019 billion from $1.033 billion last year.

Cabot Corp earnings at a glance (GAAP) :

-Earnings (Q2): $84 Mln. vs. $75 Mln. last year. -EPS (Q2): $1.49 vs. $1.29 last year. -Revenue (Q2): $1.019 Bln vs. $1.033 Bln last year.

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Cabot Corp Q2 Profit Increases, Beats Estimates

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