Cabot Corp Q2 Profit Increases, beats estimates

(RTTNews) - Cabot Corp (CBT) released earnings for its second quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $84 million, or $1.49 per share. This compares with $75 million, or $1.29 per share, in last year's second quarter.

Excluding items, Cabot Corp reported adjusted earnings of $1.78 per share for the period.

Analysts on average had expected the company to earn $1.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.9% to $1.01 billion from $1.03 billion last year.

Cabot Corp earnings at a glance (GAAP) :

-Earnings (Q2): $84 Mln. vs. $75 Mln. last year. -EPS (Q2): $1.49 vs. $1.29 last year. -Revenue (Q2): $1.01 Bln vs. $1.03 Bln last year.