Cabot Corporation (NYSE:CBT) headquartered in Boston, will host a conference call for the investment community to discuss the 3Q20 financial results on 7th August 2020 at 8:00 AM Eastern Time.
The company released its quarterly earnings, after the market close on Thursday 6th August 2020
The conference call will also be webcast live under the investor relations section of the website www.cabotcorp.com
Quarterly Results
Cabot Corporation came out with loss for the third quarter of $ 0.07 per share, from the revenue of $ 518.00 million. The quarterly revenues contracted 38.70 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.02 per share from $ 549.37 million in revenue. The bottom line results missed street analysts by $ 0.05 or 250 percent, at the same time, top line results fell short of analysts by $ 31.37 million or 5.71 percent.
Cabot Corporation operates as a specialty chemicals and performance materials company. The company offers rubber grade carbon blacks used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and compounds of carbon black and rubber. It also provides specialty grades of carbon black used in inks, coatings, plastics, adhesives, toners, batteries, and displays applications; masterbatch and conductive compound products for use in automotive, industrial, packaging, consumer products, and electronics industries; inkjet colorants used in the inkjet printing applications; fumed silica used in adhesives, sealants, cosmetics, batteries, inks, toners, silicone elastomers, coatings, polishing slurries, and pharmaceuticals; fumed alumina used in various products, including inkjet media, lighting, coatings, cosmetics, and polishing slurries; and aerogel, a hydrophobic, silica-based particle for use in various thermal insulation and specialty chemical applications.
