BOSTON (AP) — BOSTON (AP) — Cabot Corp. (CBT) on Monday reported fiscal fourth-quarter earnings of $137 million.
On a per-share basis, the Boston-based company said it had net income of $2.43. Earnings, adjusted for non-recurring gains, were $1.80 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.
The chemical company posted revenue of $1 billion in the period.
Cabot expects full-year earnings in the range of $7.40 to $7.80 per share.
Cabot shares have risen 32% since the beginning of the year. In the final minutes of trading on Monday, shares hit $110.09, a rise of 65% 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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.