Cabot Shares Plunge As Analyst Sees Dividend Cut
Stock quotes in this article:
CBT
He lowered his third quarter estimate to a loss of 20 cents per share from earnings of 13 cents per share. He also reduced his fiscal year estimates, predicting a loss of 30 cents per share in 2009 and earnings of 80 cents per share in 2010.
Analysts surveyed by Thomson Reuters expect the company to lose 17 cents per share in the third quarter and 23 cents per share in the 2009 fiscal year. Cabot officials did not immediately return calls seeking comment.- Loading Comments...
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