Cabot Q1 Adj EPS $1.56 Beats $1.49 Estimate, Sales $958.00M Beat $952.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cabot Corporation (NYSE:CBT) reported Q1 adjusted EPS of $1.56, surpassing the $1.49 estimate, marking a 59.18% increase from last year. Q1 sales reached $958M, slightly above the $952.85M estimate but a 0.73% decrease from the previous year.
February 05, 2024 | 9:31 pm
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Cabot Corporation reported a strong Q1 with adjusted EPS of $1.56, beating estimates and showing a significant year-over-year growth. Sales also slightly exceeded expectations.
The positive earnings report, with both earnings per share and sales exceeding analyst expectations, indicates strong company performance and operational efficiency. This is likely to instill investor confidence and could lead to a short-term uptick in CBT's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100