UPDATE: Cabot Posts Weaker-Than-Expected Q1 Results
January 31, 2013 at 01:43 AM EST
Cabot (NYSE: CBT ) reported a 57% drop in its fiscal first-quarter profit. Cabot's quarterly profit fell to $20 million, or $0.31 per share, from $46 million, or $0.71 per share, in the year-ago period. Excluding one-time items, it earned $0.66 per share. Its revenue climbed 7.6% to $820 million.
