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.