Cabot Corp Reports First Quarter Fiscal 2020 Results
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Cabot Corp. (CBT) Misses Q1 EPS by 4c, Offers FY Guidance
February 3, 2020 4:20 PM ESTCabot Corp. (NYSE: CBT) reported Q1 EPS of $0.69, $0.04 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $727 million versus the consensus estimate of $765.56 million.
GUIDANCE:
Cabot Corp. sees FY2020 EPS of $3.60-$3.90, versus the consensus of $3.80.
Commenting on the outlook for the Company, Keohane said, While the first fiscal quarter was impacted by more pronounced year-end customer inventory management in Reinforcement Materials, we expect company earnings to improve as we move through this fiscal... More