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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.