RTTNews | Jan 31, 2022 05:30PM EST

17:30 Monday, January 31, 2022 (RTTNews.com) - Cabot Corporation (CBT) Monday reported first-quarter loss of $89 million or $1.57 per share, compared to net profit of $60 million or $0.12 per share last year.

Adjusted earnings for the quarter rose to $1.29 per share from $1.18 per share last year.

Net sales for the quarter rose to $968 million from $746 million last year.

Analysts polled by Thomson Reuters estimated earnings of $1.11 per share on revenues of $870.53 million for the quarter.

The company increased its adjusted earnings outlook for fiscal year 2022 to $5.50 to $5.90 per share, compared to prior outlook of $5.20 to $5.60 per share. Analysts currently estimate earnings of $5.39 per share.

Read the original article on RTTNews ( https://www.rttnews.com/3258780/cabot-q1-results-beat-street-view-lifts-fy22-profit-outlook.aspx)

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