Chemours: Q4 Earnings Snapshot
WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — Chemours Co. (CC) on Wednesday reported a loss of $18 million in its fourth quarter.
On a per-share basis, the Wilmington, Delaware-based company said it had a loss of 12 cents. Earnings, adjusted for one-time gains and costs, came to 31 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The chemical company posted revenue of $1.36 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.37 billion.
Chemours shares have declined slightly more than 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $28.88, a decrease of 1% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CC at https://www.zacks.com/ap/CC