Chemours (CC) Tops Q1 EPS by 24c, Withdraws Outlook

Chemours (NYSE: CC) reported Q1 EPS of $0.71, $0.24 better than the analyst estimate of $0.47. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.33 billion.

Outlook:

Vergnano said: "In light of the uncertainty created by this pandemic, we are withdrawing our full-year 2020 guidance. However, Chemours is quickly taking steps to best weather the current conditions, including protocols to safeguard the health and well-being of our employees as COVID-19 runs its course. At the same time, we have taken decisive action to reduce FY 2020 costs by reducing overhead, discretionary spend, and CAPEX. The entire Chemours team is fully engaged to serve our customers, render aid in our communities around the world, and assist in the fight against COVID-19."

For earnings history and earnings-related data on Chemours (CC) click here.

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