Cabot Profit Falls, Misses Estimate - Quick Facts

(RTTNews) - Specialty chemicals company Cabot Corp (CBT) Wednesday reported third-quarter net earnings of $52 million or $0.78 per share, compared with $59 million or $0.90 per share last year.

Excluding items, adjusted earnings for the quarter were $0.88 per share, compared with $0.84 per share a year ago.

Revenue for the quarter was $940 million, compared with $901 million in the prior year.

Analysts polled by Thomson Reuters projected earnings of $0.91 per share on revenue of $943.7 million for the quarter. Analysts' estimates typically exclude special items.

Cabot said that while the economic environment has improved in the developed world and in China, it continues to see weakness in South America. The company expects to experience moderate demand growth through the remainder of 2014 and into 2015.