Eastman Chemical (EMN) Q2 Earnings Top Estimates, Ups View
Zacks Investment Research | Jul 27, 2017 10:09PM ET
Eastman Chemical (NYSE:EMN) saw higher profits in the second quarter of 2017, aided by its cost management actions, disciplined capital allocation and growth of high-margin products. The chemical maker recorded profit of $292 million or $2.00 per share, up roughly 15% from the year-ago figure of $255 million or $1.71.
Barring one-time items, earnings were $1.98 per share for the quarter, up from $1.68 in the year ago-quarter. Earnings topped the Zacks Consensus Estimate of $1.89 per share.
Revenues rose around 5% year over year to $2,419 million in the quarter, beating the Zacks Consensus Estimate of $2,366 million.
Eastman Chemical Company Price, Consensus and EPS Surprise
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