Cabot Q2 Profit Decreases - Quick Facts

(RTTNews) - Cabot Corporation (CBT) reported second-quarter net income to company of $26 million or $0.41 per share, compared to $36 million or $0.54 per share, prior year. Net income included a per share charge of $0.12 from certain items, principally reflecting charges associated with recent restructuring actions and tax-related items. Adjusted earnings per share was $0.53, for the quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.63 for the quarter. Analysts' estimates typically exclude special items.

Net sales and other operating revenues decreased to $694 million from $898 million last year. Analysts expected revenue of $823.00 million for the quarter.