12:36 PM EDT, 08/06/2024 (MT Newswires) -- (Updates with the stock price movement in the headline and the first paragraph.)

Cabot (CBT) shares were up 17.1% in recent Tuesday trading, a day after the company posted its fiscal Q3 results that beat analysts' estimates and raised its fiscal 2024 adjusted earnings per share outlook.

The company reported fiscal Q3 adjusted earnings late Monday of $1.92 per share, up from $1.42 a year earlier.

Four analysts polled by Capital IQ expected $1.71.

Net sales and other operating revenue for the quarter ended June 30 rose to $1.02 billion from $968 million a year earlier.

Four analysts surveyed by Capital IQ expected $1 billion.

The company raised its fiscal 2024 adjusted EPS guidance to a range of $7 to $7.10 from $6.65 to $6.85 previously. Analysts polled by Capital IQ expect $6.79.

Price: 101.80, Change: +14.84, Percent Change: +17.07