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Huntsman swings to profit

12:29 PM MDT | April 29, 2014 | Rebecca Coons

Huntsman swung to profit and beat Wall Street estimates as restructuring in its advanced materials and textile effects businesses and Ebitda gains in four out of five segments boosted results. The company reports net income of $54 million compared with a net loss of $24 million in the year-ago quarter. Adjusted income of 43 cts/share more than doubled from 19 cts/share in the year-ago quarter and beat the consensus analyst estimate of 40 cts/share, as reported by Thomson Reuters (New York). Sales rose 2.0%, to $2.75 billion. “Our first-quarter results...

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