Investing.com - Eastman Chemical (NYSE:EMN) reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Eastman Chemical announced earnings per share of $2.46 on revenue of $2.65B. Analysts polled by Investing.com anticipated EPS of $2.35 on revenue of $2.41B.
Eastman Chemical shares are up 11% from the beginning of the year, still down 14.25% from its 52 week high of $130.47 set on June 1. They are under-performing the S&P 500 which is up 16.8% from the start of the year.
Eastman Chemical shares gained 0.02% in after-hours trade following the report.
Eastman Chemical follows other major Materials sector earnings this month
Eastman Chemical's report follows an earnings missed by Vale ADR on Thursday, who reported EPS of $1.44 on revenue of $16.68B, compared to forecasts EPS of $1.48 on revenue of $16.83B.
Sherwin-Williams had missed expectations on July 27 with second quarter EPS of $2.65 on revenue of $5.38B, compared to forecast for EPS of $2.67 on revenue of $5.39B.
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