The Chemours Company Q1 Earnings Fall 81%

(RTTNews) - The Chemours Company (CC) announced a profit for first quarter that lost ground from last year.

The company said its profit totaled $11 million, or $0.06 per share. This was down from $59 million, or $0.33 per share, in last year's first quarter.

The company said revenue for the quarter fell 4.4% to $1.30 billion. This was down from $1.36 billion last year.

The Chemours Company earnings at a glance:

-Earnings (Q1): $11 Mln. vs. $59 Mln. last year. -Earnings Decline (Y-o-Y): -81.4% -EPS (Q1): $0.06 vs. $0.33 last year. -EPS Decline (Y-o-Y): -81.8% -Revenue (Q1): $1.30 Bln vs. $1.36 Bln last year. -Revenue Change (Y-o-Y): -4.4%