KINGSPORT, Tenn. (AP) — KINGSPORT, Tenn. (AP) — Eastman Chemical Co. (EMN) on Thursday reported first-quarter earnings of $182 million.
On a per-share basis, the Kingsport, Tennessee-based company said it had profit of $1.57. Earnings, adjusted for pretax expenses and asset impairment costs, were $1.91 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.
The specialty chemicals maker posted revenue of $2.29 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $2.31 billion.
For the current quarter ending in June, Eastman Chemical expects its per-share earnings to range from $1.70 to $1.90.
_____
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
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。