Cabot Q3 EPS $1.42 Misses $1.56 Estimate, Sales $968.00M Miss $1.15B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cabot (NYSE:CBT) reported Q3 earnings of $1.42 per share, missing the analyst consensus estimate of $1.56 by 8.97%. This is a 17.92% decrease from the same period last year. The company also reported quarterly sales of $968.00 million, missing the analyst consensus estimate of $1.15 billion by 15.46%. This is a 15.75% decrease from the same period last year.
August 07, 2023 | 8:31 pm
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NEGATIVE IMPACT
Cabot's Q3 earnings and sales missed estimates, indicating a potential negative impact on its stock price.
Cabot's earnings and sales for Q3 have both missed estimates, which is typically a negative signal for investors. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100