Why Chemours Plunged Today
Shares of European chemicals company (NYSE: CC) fell 16.8% on Friday, as of 2:46 p.m. EDT.
The chemicals giant reported lackluster earnings today and also provided guidance that merely met the analyst consensus. Thus, it's no surprise the stock found itself in the red after having doubled since late November. Still, opportunity may lurk one of Chemours' all-star up-and-coming products.
In the fourth quarter, Chemours delivered a 2.2% revenue decline, which was in line with Wall Street's expectations, while adjusted (non-GAAP) earnings per share fell 46% to $0.05, missing expectations by $0.02.
Source Fool.com
Chemours Co Aktie
15,44 €
-1,16 %
