Eastman Boosts Earnings Outlook

Eastman Chemical says it has boosted its 2011 earnings guidance to nearly $8/share, and has raised its first-quarter 2011 earnings to about $2/share. The company expects the compound annual growth rate of its earnings per share from 2010 through 2013 to be greater than 10%, and in 2013 the company expects earnings per share to approach $10/share, Eastman said at its annual investor presentation held today in New York.   “The strategic shift we have made has led to an improvement in the company’s portfolio and has resulted in greater strength in...

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