Huntsman Corporation's stock soared 7.79% intraday on Friday, driven by the company's latest financial results and optimistic forward guidance.

The chemical manufacturer reported first-quarter revenue of $1.42 billion, beating analyst estimates of $1.39 billion. Adjusted EBITDA came in at $73 million, significantly above the consensus estimate of $59 million. While the company reported a net loss, management highlighted a positive shift, citing implemented price increases to counter war-driven feedstock cost volatility.

Investors reacted positively to the company's outlook, where Huntsman anticipates a step up in profitability for the second quarter, driven by an increase in volumes combined with margin expansion from worldwide pricing initiatives. The simultaneous announcement of a $0.0875 per share cash dividend further supported bullish sentiment.