(Refiles to correct date)
* Sees FY sales $3.21 bln-$3.32 bln vs est $3.29 bln
* Sees Q4 sales at coating resins segment about $300
* Sees Q4 sales at engineered materials $181 mln-$191 mln.
Nov 29 Specialty chemicals maker Cytec
Industries Inc CYT.N tightened its full-year sales forecast
and said overall visibility in demand for the coating markets
The company expects weaker demand growth at its largest
segment -- Coating resins -- in North America and Europe in
For the full year, the company sees net sales of $3.21
Analysts expect the company's full-year sales to come at
$3.29 billion, according to Thomson Reuters I/B/E/S.
At its coating resins segment, which contributes to about
40 percent of total revenue, it sees full-year sales of $1.38
billion-$1.40 billion. It earlier forecast $1.35 billion-$1.45
billion at the segment.
For the fourth quarter, it expects sales of about $300
million-$325 million for the segment.
Shares of the West Paterson New Jersey-based company closed
at $48.87 on Monday on the New York Stock Exchange. They have
shed about 20 percent since the company posted weak
third-quarter results in October. (Reporting by Vaishnavi Bala
in Bangalore; Editing by Jarshad Kakkrakandy)