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People & Business :: Earnings/Finance

Huntsman Earnings Flat as Results Miss Estimates on Higher Costs

8:57 AM MDT | August 4, 2011 | Nancy Seewald

Huntsman reported net income of $114 million in the second quarter, unchanged from the same period last year. Adjusted net income, which includes charges related to discontinued operations posted in the 2010 quarter, rose 56%, to $117 million. Reported adjusted earnings were 48 cts/share, 1 ct below the consensus of analyst estimates, as reported by Thomson Reuters (New York). Sales rose 25%, to $2.9 billion. Huntsman cites improved selling prices and demand, partially offset by higher raw material costs....

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