Chemours: 3Q Earnings Snapshot
WILMINGTON, Del. (AP) _ Chemours Co. (CC) on Monday reported third-quarter profit of $76 million.
On a per-share basis, the Wilmington, Delaware-based company said it had net income of 46 cents. Earnings, adjusted for one-time gains and costs, were 59 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The chemical company posted revenue of $1.39 billion in the period.
Chemours shares have declined 37% since the beginning of the year. In the final minutes of trading on Monday, shares hit $17.87, a drop of 48% in the last 12 months.