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Cabot (CBT +4%) shares hit a 52-week high as FQ2 profit surged past expectations, and core...
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Wednesday, May 2, 2012, 3:59 PM ETCabot (CBT +4%) shares hit a 52-week high as FQ2 profit surged past expectations, and core earnings rose due to higher pricing for its primary product. Also, CBT received its first payment for the sale of a major business. The chemical and specialty materials company says it can meet its long-term financial targets of $4.50 adjusted EPS in 2014 with adjusted return on invested capital over 13%.
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