Cabot (CBT) Earnings & Revenues Surpass Estimates In Q2
Zacks Investment Research | May 07, 2018 09:59PM ET
Cabot Corporation (NYSE:CBT) incurred net loss of $173 million or $2.80 per share in the second quarter of fiscal 2018 (ended Mar 31, 2018) against net profit of $74 million or $1.19 a year ago.
Barring one-time items, adjusted earnings for the reported quarter were $1.04 per share (up from 88 cents a year ago), which surpassed the Zacks Consensus Estimate of $1.00.
Net sales increased around 20.6% year over year to $818 million in the quarter. The figure also outpaced the Zacks Consensus Estimate of $744.2 million.
Cabot Corporation Price, Consensus and EPS Surprise
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