Investing.com - Eastman Chemical (NYSE:EMN) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Eastman Chemical announced earnings per share of $2.13 on revenue of $241B. Analysts polled by Investing.com anticipated EPS of $2.04 on revenue of $2.33B.
Eastman Chemical shares are up 16% from the beginning of the year, still down 2.03% from its 52 week high of $119.01 set on March 11. They are outperforming the S&P 500 which is up 12.12% from the start of the year.
Eastman Chemical shares gained 1.20% in after-hours trade following the report.
Eastman Chemical follows other major Basic Materials sector earnings this month
Eastman Chemical's report follows an earnings beat by Vale ADR on Tuesday, who reported EPS of $1.09 on revenue of $12.65B, compared to forecasts EPS of $1.06 on revenue of $13.04B.
Sherwin-Williams had beat expectations on Tuesday with first quarter EPS of $2.06 on revenue of $4.66B, compared to forecast for EPS of $1.64 on revenue of $4.51B.
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