Chemours Company Reduces Guidance

(RTTNews) - The Chemours Company (CC) said, as a result of the weaker financial performance in the second quarter and increasing macro-economic uncertainty, the company is lowering its earnings guidance for the full year 2019. The company expects adjusted EPS of between $2.37 and $3.08 per share. Analysts polled by Thomson Reuters expect the company to report profit per share of $3.90. Analysts' estimates typically exclude special items.

For the second-quarter, adjusted earnings per share was $0.72 compared to $1.71, prior year. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.86, for the quarter.

Second-quarter net sales were $1.4 billion, compared to to $1.8 billion, a year ago. Analysts expected revenue of $1.5 billion, for the quarter.