BOSTON (AP) — BOSTON (AP) — Cabot Corp. (CBT) on Monday reported fiscal first-quarter earnings of $50 million.

The Boston-based company said it had net income of 88 cents per share. Earnings, adjusted for non-recurring costs, came to $1.56 per share.

The chemical company posted revenue of $958 million in the period.

Cabot shares have fallen 15% since the beginning of the year. In the final minutes of trading on Monday, shares hit $71.14, a decline of slightly more than 6% in the last 12 months.

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