Chemours reports third quarter earnings

(AP) _ Chemours Co. (CC) on Thursday reported third-quarter profit of $275 million.

On a per-share basis, the Wilmington, Delaware-based company said it had net income of $1.51. Earnings, adjusted for non-recurring gains, came to $1.49 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.

The chemical company posted revenue of $1.63 billion in the period.

Chemours shares have decreased 30 percent since the beginning of the year. The stock has fallen 39 percent in the last 12 months.

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