WILMINGTON, Del. (AP) _ Chemours Co. (CC) reported a loss of $ 317 million in the fourth quarter on Thursday after reporting a profit in the same period last year.
The Wilmington, Delaware-based company reported a loss of $ 1.94 per share. Earnings adjusted for one-time costs and restructuring costs were 56 cents per share.
The results exceeded Wall Street expectations. The average estimate by four analysts surveyed by Zacks Investment Research was 43 cents per share.
The chemical company had sales of $ 1.35 billion in the reporting period.
For the year, the company reported a loss of $ 52 million, or 32 cents per share, resulting in a loss over the period. Revenue was reported at $ 5.53 billion.
Chemours anticipates earnings for the full year in the range of $ 2.60 to $ 3.55 per share.
The Chemours share has fallen 13% since the beginning of the year. In the last minutes of trading on Thursday, the shares reached USD 15.70, a decrease of 59% in the past 12 months.
This story was created by Automated Insights (https://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks CC stock report at https://www.zacks.com/ap/CC