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News Breaks
14:55 EDTCBT
theflyonthewall.com: Cabot CEO cautiously optimistic about pace of recovery
Cabot (CBT) reported positive Q4 results which handily beat revenue and EPS estimates. It experienced sequential volume growth of 15%-30% in all business segments. However, FY09 volumes were 20%-30% lower than FY08 levels. The company’s restructuring plan came in ahead of schedule and below cost, which will lead to $80M in savings in FY10. They have heavily invested in emerging markets in recent years which is beginning to pay off as those areas are recovering faster than the U.S. The Asia Pacific region, and China specifically, is showing signs of strength. Cabot is targeting FY12 EPS of $3.00. CEO Patrick Prevost commented, "The recent improvement in demand over the past two quarters is very positive, however, we are cautiously optimistic about the pace of the recovery which we see occurring at a moderate rate." Comments are from Cabot’s Q4 earnings conference call. :theflyonthewall.com



News For CBT From The Last 14 Days
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January 29, 2010
06:52 EDTCBT
theflyonthewall.com: Cabot upgraded to Neutral from Underweight at JP Morgan

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January 28, 2010
09:43 EDTCBT
theflyonthewall.com: Gappers report: Bearish gaps
This is a list of stocks making unusual moves on the open versus the prior day close. Gapping stocks often have excessive movements during the day and in the days thereafter. We use 5% for filter criteria and scanned for stocks that traded above $10 the prior day. GAPPING DOWN: TTEK (19.98%), ETH (12.79%), QCOM (10.78%), KEX (10.56%), ABFS (7.05%), CBT (6.13%), JNY (5.35%). :theflyonthewall.com

January 27, 2010
18:58 EDTCBT
theflyonthewall.com: Cabot CEO comments on guidance

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18:55 EDTCBT
theflyonthewall.com: Cabot reports Q1 EPS adjusted 65c vs. consensus of 27c
Reports Q1 revenue $679M vs. consensus of $619.5M. :theflyonthewall.com