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Chemours Reports 4Q Loss

Chemours Co. (CC) on Wednesday reported a loss of $230 million in its fourth quarter.

WILMINGTON, Del. (AP) Chemours Co. (CC) on Wednesday reported a loss of $230 million in its fourth quarter.

The Wilmington, Delaware-based company said it had a loss of $1.26 per share. Earnings, adjusted for non-recurring costs and asset impairment costs, were 8 cents per share.

The chemical company posted revenue of $1.32 billion in the period.

For the year, the company reported net income of $7 million, or 4 cents per share, swinging to a profit in the period. Revenue was reported as $5.4 billion.

Chemours shares have increased 48 percent since the beginning of the year. The stock has climbed eightfold in the last 12 months.

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