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Eastman Chemical: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

KINGSPORT, Tenn. (AP) — KINGSPORT, Tenn. (AP) — Eastman Chemical Co. (EMN) on Thursday reported second-quarter earnings of $230 million.

On a per-share basis, the Kingsport, Tennessee-based company said it had net income of $1.94. Earnings, adjusted for non-recurring costs, came to $2.15 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.99 per share.

The specialty chemicals maker posted revenue of $2.36 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $2.37 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EMN at https://www.zacks.com/ap/EMN