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.