Chemours Co (CC) Releases Earnings Results, Beats Expectations By $0.10 EPS

Chemours Co (CC) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.17. The company posted revenue of $1383.00 million in the period, compared to analysts expectations of $1418.96 million. The company’s revenue was down -8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.

Chemours Co opened for trading at $8.94 and hit $9.245 on the upside on Friday, eventually ending the session at $9.1, with a gain of 1.79% or 0.16 points. The heightened volatility saw the trading volume jump to 17,82,460 shares. Company has a market cap of $1,651 M.

In a different news, on May 18, 2016, Mark Newman (CFO) purchased 2,800 shares at $9.70 per share price. According to the SEC, on May 6, 2016, Bradley J Bell (director) purchased 10,000 shares at $9.65 per share price. On Feb 29, 2016, Stephen D Newlin (director) purchased 10,000 shares at $4.95 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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