💨 Abstract

Cabot Corp., a Boston-based chemical company, reported a fiscal second-quarter profit of $94 million, exceeding analyst expectations. The company posted revenue of $936 million and expects full-year earnings between $7.15 and $7.50 per share. However, Cabot shares have dropped 15% since the start of the year, with shares closing at $77.50 on Monday.

Courtesy: wtop.com

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