The Chemours Company (NYSE:CC) Drops on Lowered Guidance
The Chemours Company (NYSE:CC) shares are sliding today as the company lowered its full-year guidance. CC now expects adjusted EBITDA to land between $1.4 billion and $1.45 billion (which is 7% lower than the earlier guidance at the midpoint). The development comes owing to a slowdown in demand in the company’s Titanium Technologies segment. The impact has been more pronounced in Europe and Asia. Analysts expect the company to post an EPS of $1.29 for the third quarter. In the year-ago period, it had delivered an EPS of $1.27 versus the Street''s expectations of $1.01.
The Chemours Company (NYSE:CC) Drops on Lowered Guidance
The Chemours Company (NYSE:CC) shares are sliding today as the company lowered its full-year guidance. CC now expects adjusted EBITDA to land between $1.4 billion and $1.45 billion (which is 7% lower than the earlier guidance at the midpoint). The development comes owing to a slowdown in demand in the company’s Titanium Technologies segment. The impact has been more pronounced in Europe and Asia. Analysts expect the company to post an EPS of $1.29 for the third quarter. In the year-ago period, it had delivered an EPS of $1.27 versus the Street''s expectations of $1.01.