Cabot Corp third-quarter profit drops to $6 million

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Cabot Corp reported a sharp decline in third-quarter profit, with earnings falling to $6 million, or $0.12 per share, from $101 million, or $1.86 per share, in the same period last year. Excluding items, adjusted earnings were $1.67 per share. Revenue rose 6.4% to $982 million from $923 million a year earlier. The company issued next-quarter EPS guidance of $6.15 to $6.45.

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Cabot Corporation
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Third-quarter profit dropped sharply to $6 million from $101 million, with adjusted EPS of $1.67.

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