Cytec Industries Inc. (CYT) Reports Mixed Q4 Results; Guides FY11 Below the Street; Resumes Buyback, Dividend

Cytec Industries Inc. (NYSE: CYT) reported Q4 EPS of $0.83, $0.22 better than the analyst estimate of $0.61. Revenue for the quarter came in at $700 million versus the consensus estimate of $799.63 million. Cytec Industries Inc. sees FY11 EPS of $3.15-$3.50, versus the consensus of $3.73. Cytec Industries Inc. sees FY11 revenue of $2.9-$3 billion, versus the consensus of $3.48 billion. Resumes its buyback, adds $150 million in shares. Restores dividend.... Read more

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