IHS Chemical Week

Eastman beats estimates, lowers guidance

11:43 AM MDT | October 25, 2013

Eastman Chemical reported net earnings of $308 million for the fiscal quarter ended 30 September, up from $154 million in the year-ago quarter. The 2012 quarter included charges related to the company’s $4.8-billion acquisition of Solutia. Adjusted earnings of $1.68/share was 7% higher year-over-year (YOY) and beat a $1.64/share consensus of analysts’ estimates compiled by Thomson Reuters (New York). Sales increased 3.5%, to $2.3 billion, due primarily to higher sales volume in the additives and functional products and advanced materials segments, partially...

Access is for Chemweek 24/7 PLUS Members ONLY

This information is only available to Chemweek 24/7 PLUS members who have subscribed to Chemweek’s Business Daily. If you are a member, please log in, OR if you have a trial membership, please use your trial membership account information. 


Forgot your user ID or password? Click here to have it sent to you.

contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa