Cabot (CBT +4%) shares hit a 52-week high as FQ2 profit surged past expectations, and core...

|About: Cabot Corporation (CBT)|By:, SA News Editor

Cabot (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%.