Shares of Cabot (NYSE:CBT) rose in after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share increased 2028.57% over the past year to $1.35, which beat the estimate of $1.18.
Revenue of $917,000,000 rose by 77.03% year over year, which beat the estimate of $804,810,000.
Guidance
The upcoming fiscal year’s EPS expected to be between $4.85 and $5.05.
Revenue guidance hasn’t been issued by the company for now.
Technicals
52-week high: $65.25
Company’s 52-week low was at $34.84
Price action over last quarter: down 6.41%
Company Profile
Cabot Corp manufactures and sells a variety of chemicals, materials, and chemical-based products. The company organizes itself into three segments based on the product type. The reinforcement materials segment, which generates more revenue than any other segment, sells rubber-grade carbon black products used in hoses and belts in automobiles. The performance chemicals segment sells ink-jet colorants and metal oxides used in the automotive and construction industries. The purification solutions segment sells carbon-based products used to purify air, water, and food and beverages.
