Cabot's (CBT) Earnings Top Estimates in Q2, Revenues Lag
CBTCabot (CBT) Zacks Investment Research·2024-05-07 21:46

Cabot Corporation (CBT) recorded second-quarter fiscal 2024 (ending Mar 31, 2024) earnings of 1.49pershare,upfromtheyearagoquarters1.49 per share, up from the year-ago quarter's 1.29. CBT posted adjusted earnings of 1.78pershare,upfromtheyearagoquarterfigureof1.78 per share, up from the year-ago quarter figure of 1.33. It surpassed the Zacks Consensus Estimate of 1.66.Thecompanysnetsalesinthefiscalsecondquarterwere1.66. The company’s net sales in the fiscal second quarter were 1,019 million, which missed the Zacks Consensus Estimate of $1,054.1 million. Net sales decreased around 1.4% from the prior-year quarter. Segment Highlights ...