Chemours stock falls after company's Q4 adj. EPS falls short

Chemours Co. stock CC, -1.58% fell more than 4% in the extended session Thursday after the chemicals company reported an adjusted profit below expectations. Chemours said it earned $233 million, or $1.40 a share, in the quarter, compared with $19 million, or 11 cents a share, in the year-ago quarter. Adjusted for one-time items, Chemours earned 81 cents a share. Sales rose 18% to $1.6 billion. Analysts polled by FactSet expected the company to report adjusted earnings of 89 cents a share on sales of $1.6 billion. Chemours guided for EBITDA between $1.3 billion and $1.425 billion for the full year 2022, and adjusted EPS between $4.07 and $4.70 for the year. The stock ended the regular trading session down 1.6%.

Source: Marketwatch

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