WILMINGTON, Del. (AP) _ Chemours Co. (CC) on Monday reported first-quarter net income of $96 million.
On a per-share basis, the Wilmington, Delaware-based company said it had net income of 57 cents. Earnings, adjusted for non-recurring costs, were 71 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The chemical company posted revenue of $1.44 billion in the period.
Chemours expects full-year earnings in the range of $2.84 to $3.56 per share.
Chemours shares have climbed 25% since the beginning of the year. In the final minutes of trading on Monday, shares hit $31.01, nearly tripling in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CC at https://www.zacks.com/ap/CC
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