Cabot Corp Reports Second Quarter Fiscal 2020 Results
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Cabot Corp. (CBT) Tops Q2 EPS by 6c
May 11, 2020 4:01 PM EDTCabot Corp. (NYSE: CBT) reported Q2 EPS of $0.77, $0.06 better than the analyst estimate of $0.71. Revenue for the quarter came in at $710 million versus the consensus estimate of $766.94 million.
Outlook
Commenting on the outlook for the Company, Keohane said, We expect lower demand due to the impact of the COVID-19 pandemic to continue, with a pronounced effect on fiscal third quarter results. At the segment level, we expect a significant reduction in demand in Reinforcement Materials in the third fiscal quarter due to temporary customer shutdowns in Europe and the Americas.... More
