Cabot (NYSE:CBT) reported its Q1 earnings results on Monday, February 5, 2024 at 04:30 PM.

Here's what investors need to know about the announcement.

Earnings

Cabot beat estimated earnings by 4.7%, reporting an EPS of $1.56 versus an estimate of $1.49.

Revenue was down $7.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.17 which was followed by a 8.31% increase in the share price the next day.

Here's a look at Cabot's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Cabot management provided guidance for FY 2024, expecting earnings between $6.3 and $6.8 per share.

To track all earnings releases for Cabot visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.