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Cytec Industries Inc Issues FY 2013 Operating Earnings Guidance; Revenue Guidance In With Analysts' Estimates; Lowers FY 2013 EPS Guidance-Conference Call


Friday, 19 Jul 2013 11:00am EDT 

Cytec Industries Inc announced that for fiscal 2013, it expects revenue to be approximately $1.95 billion, operating earnings to be in the range between $289 million and $300 million, with approximately $30 million in benefit from the pension accounting change offsetting $9 million in additional stranded cost. Taking into account the share buyback, this translates to a new estimate for fiscal 2013 adjusted diluted earnings per share (EPS) in a range of $4.70 to $4.90 versus the prior guidance of $4.97 to $5.22, which includes the change in pension accounting. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.98 billion, EPS of $4.70 for fiscal 2013. 

Company Quote

44.78
0.5 +1.13%
18 Dec 2014