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Eastman’s Fourth-Quarter Earnings to Beat Estimates

2:40 PM MST | January 14, 2008 | Chemical Week Editorial Staff

Eastman Chemical says that fourth-quarter 2007 earnings, excluding gains and costs related to previously announced actions, are expected to exceed $1.06/share, the high end of the current range of First Call’s (Boston) analyst estimates. “Results will include the positive impact in fourth-quarter 2007 of selling prices offsetting higher raw material and energy costs, earnings associated with a recent licensing of acetyl technology for the production of acetic acid, and lower general administrative expenses,” Eastman says. Bank of America...

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