Why Shares of Chemours Are Up Today
Shares of Chemours (NYSE: CC) climbed more than 15% on Friday morning after the chemicals company reported better-than-expected quarterly earnings. The manufacturer dealt with a range of challenges in 2019, but has high hopes for 2020.
After markets closed Thursday, Chemours reported adjusted fourth-quarter earnings of $0.56 per share, easily beating the $0.42 consensus estimate. Revenue came in at $1.4 billion, down 7% year over year but slightly ahead of expectations.
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Source Fool.com
