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Huntsman's Earnings Slide on Expenses

11:06 AM MDT | May 9, 2008 | Michelle Bryner

Huntsman reported net income for the first quarter of $7.3 million, down 84% compared to the year-ago quarter, on sales up 13%, to $2.54 billion. Adjusted net income from continuing operations fell 71%, to $16.9 million (7 cts/share). Adjusted Ebitda from continuing operations fell 23%, to $188.3 million. Earnings included expenses of $63.4 for the present quarter, and $41.2 million for the year-ago quarter.  "First quarter earnings were in line with our results for the fourth quarter and were achieved despite the continued escalation in prices for many...

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