Eastman Chemical: Q4 Earnings Snapshot
KINGSPORT, Tenn. (AP) _ Eastman Chemical Co. (EMN) on Thursday reported fourth-quarter earnings of $1 million. On a per-share basis, the Kingsport,...
KINGSPORT, Tenn. (AP) _ Eastman Chemical Co. (EMN) on Thursday reported fourth-quarter earnings of $1 million. On a per-share basis, the Kingsport, Tennessee-based company said it had profit of 1 cent. Earnings, adjusted for non-recurring costs and asset impairment costs, were 89 cents per share. The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share. The specialty chemicals maker posted revenue of $2.