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People & Business :: Companies
Eastman Raises Earnings Estimates on 'Solid' Selling Prices, Better Volumes
9:02 PM MDT | September 16, 2010 | Kerri Walsh and Lindsey Bewley
Eastman Chemical has raised its third-quarter and full-year 2010 earnings estimates on improved selling prices and strong sales volumes. Third-quarter earnings are expected to be $2.20-$2.30/share, above previous expectations, says president and CEO Jim Rogers. The company announced in July that it estimated earnings of $1.65-$1.75/share. “This continued strong performance is due to selling prices remaining solid reflecting high industry capacity utilization rates, and a seasonal decline in sales volume being less than expected,” Rogers says...
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