01:32 PM EST, 11/04/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph)

Chemours ( CC ) shares jumped nearly 16% in recent Monday trading after the company's Q3 results came ahead of estimates.

The company reported Q3 adjusted earnings of $0.40 per diluted share, down from $0.43 a year earlier.

Analysts surveyed by Capital IQ expected $0.28.

Net sales for the quarter ended Sept. 30 were $1.50 billion, up from $1.49 billion a year earlier.

Analysts polled by Capital IQ expected $1.44 billion.

For Q4, the company said it expects net sales to fall in the mid- to high-single digits sequentially.

Price: 20.66, Change: +2.84, Percent Change: +15.91