U.S. markets close in 2 hours 22 minutes
  • S&P 500

    3,670.24
    +1.23 (+0.03%)
     
  • Dow 30

    30,007.62
    +123.83 (+0.41%)
     
  • Nasdaq

    12,396.99
    +47.62 (+0.39%)
     
  • Russell 2000

    1,858.40
    +20.37 (+1.11%)
     
  • Crude Oil

    45.75
    +0.47 (+1.04%)
     
  • Gold

    1,841.10
    +10.90 (+0.60%)
     
  • Silver

    24.15
    +0.07 (+0.27%)
     
  • EUR/USD

    1.2143
    +0.0028 (+0.23%)
     
  • 10-Yr Bond

    0.9210
    -0.0270 (-2.85%)
     
  • GBP/USD

    1.3474
    +0.0098 (+0.73%)
     
  • USD/JPY

    103.9000
    -0.5240 (-0.50%)
     
  • BTC-USD

    19,374.62
    +425.72 (+2.25%)
     
  • CMC Crypto 200

    381.11
    +6.70 (+1.79%)
     
  • FTSE 100

    6,490.27
    +26.88 (+0.42%)
     
  • Nikkei 225

    26,809.37
    +8.39 (+0.03%)
     

Eastman Chemical: 3Q Earnings Snapshot

·1 min read

KINGSPORT, Tenn. (AP) _ Eastman Chemical Co. (EMN) on Thursday reported third-quarter profit of $161 million.

On a per-share basis, the Kingsport, Tennessee-based company said it had profit of $1.18. Earnings, adjusted for asset impairment costs and non-recurring costs, were $1.57 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.

The specialty chemicals maker posted revenue of $2.12 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $2.1 billion.

Eastman Chemical shares have increased slightly more than 3% since the beginning of the year, while the Standard & Poor's 500 index has climbed 2.5%. In the final minutes of trading on Thursday, shares hit $81.89, an increase of roughly 5% in the last 12 months.

_____

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