Chemours falls on FY core profit forecast cut, dividend slash

Shares of chemical firm Chemours CC.N down 9.1% at $11.00 after the bell

Co misses Q1 profit estimates on lower prices, cuts FY core profit forecast on macroeconomic uncertainty amid Trump tariffs

Co reports Q1 adj profit of 13 cents per share vs ests of 21 cents per share — LSEG

Co cuts upper end FY adjusted core profit forecast range to between $825 mln and $950 mln from previous range of $825 mln to $975 mln

Co says the outlook "assumes the existing tariff environment and known direct impacts to the business and no larger indirect impacts from tariffs on the macroeconomic environment or recessionary impacts"

Co says it is announcing a 65% reduction in its quarterly dividend to $0.0875 per share to better align its capital allocation and achieve balance sheet flexibility

Up to last close, shares down 28.4% YTD