Cabot Q4 Adj EPS $1.65 Beats $1.48 Estimate, Sales $965.00M Miss $991.48M Estimate
Portfolio Pulse from bharat@benzinga.com
Cabot (NYSE:CBT) reported Q4 earnings of $1.65 per share, beating the analyst consensus estimate of $1.48 by 11.49%. However, the company's quarterly sales of $965.00 million missed the analyst consensus estimate of $991.48 million by 2.67%. This represents a 6.45% increase in earnings and a 13.22% decrease in sales compared to the same period last year.
November 06, 2023 | 9:35 pm
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Cabot's Q4 earnings exceeded expectations but sales fell short of estimates. This mixed result could lead to uncertainty in the market.
Cabot's earnings beat estimates, which is a positive signal for investors. However, the missed sales target could indicate potential issues in revenue generation, which might negatively impact investor sentiment. The net effect on the stock price could be neutral in the short term due to these mixed signals.
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