: Chemours stock rallies more than 6% on Q2 beat, cash flow outlook #FinanceUSA #StockMarketNEWS Shares of Chemours Co. rallied more than 6% in the extended session Thursday after the chemical company
@stockMarketNEWS 9 Days ago
Chemours stock rallies more than 6% on Q2 beat, cash flow outlook #FinanceUSA #StockMarketNEWS
Shares of Chemours Co. rallied more than 6% in the extended session Thursday after the chemical company reported better-than-expected adjusted profit and sales, and increased its cash-flow outlook. Chemours said it earned 1 million, or .26 a share, in the second quarter, compared with million, or 39 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned .89 a share. Sales rose 16% to .9 billion. Analysts polled by FactSet expected Chemours to report adjusted earnings of .41 a share on sales of .84 billion. Chemours said it was targeting the high end of its adjusted EBITDA guidance of between .475 billion and .575 billion. It expects free cash flow to exceed 0 million, compared with a previous guidance of more than 0 million. Chemours ended the regular trading day up 1.3%.
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