Chemours Co (CC) Releases Earnings Results, Reports EPS of $0.06 EPS

Chemours Co (CC) reported quarterly earnings results on Monday, May-2-2016. The company reported $0.06 EPS for the quarter. Analysts had a consensus estimate of $0.06. The company posted revenue of $1297.00 million in the period, compared to analysts expectations of $1267.06 million. The company’s revenue was down -4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on Chemours Co. Chemours Co was Upgraded by Goldman to ” Buy” on Mar 14, 2016. Chemours Co was Downgraded by Jefferies to ” Hold” on Feb 16, 2016.

Chemours Co closed down -0.24 points or -2.55% at $9.19 with 20,15,995 shares getting traded on Wednesday. Post opening the session at $9.46, the shares hit an intraday low of $9.03 and an intraday high of $9.56 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 29, 2016, Stephen D Newlin (director) purchased 10,000 shares at $4.95 per share price. According to the SEC, on Feb 12, 2016, Mark Newman (SVP and CFO) sold 16 shares at $9.37 per share price. On Nov 25, 2015, E Bryan Snell (President – Titanium Tech) purchased 15,000 shares at $5.99 per share price, according to the Form-4 filing with the securities and exchange commission.

The Chemours Company (Chemours) is a provider of performance chemicals. The Company delivers solutions with a range of industrial and specialty chemical products for markets including plastics and coatings refrigeration and air conditioning general industrial and mining and oil refining. The Company operates through three segments: Titanium Technologies Fluoroproducts and Chemical Solutions. The Titanium Technologies segment is a producer of titanium dioxide (TiO2) under the brands including Ti-Pure and Vantage. Its Fluoroproducts segment is a provider of fluoroproducts under the brands including Suva ISCEON Freon Opteon Teflon Tefzel Viton Krytox Formacel Dymel FM 200 Nafion and Capstone. Its Chemical Solutions segment is a provider of industrial and specialty performance chemicals under the brands including Virkon and Oxone. The Company’s products include titanium dioxide refrigerants industrial fluoropolymer resins sodium cyanide sulfuric acid and aniline.

Chemours Co

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