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UPDATE: Cabot Corp. 3Q net income declines, revenue rises above expectations


Published :
Wed, 31 Oct 2007 21:44
By : Agencies
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(Updates to add stock price)

NEW YORK (Thomson Financial) - Cabot Corp. reported fiscal fourth-quarter net income of $24 million, or 36 cents a share, including a 7-cents-a-share in charges related to certain special items and discontinued operations.

The mean estimate of analysts surveyed by Thomson Financial was for earnings of 27 cents a share.

In the same period a year ago, net income was $27 million, or 39 cents a share.

Revenue for the quarter ending Sept. 30 rose to $675 million from $663 million a year ago, topping analyst forecasts of $671.3 million.

The stock closed Wednesday's regular session at $35.01.

Tomi Kilgore

tk1/tk1

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Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.




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