Investing.com - Eastman Chemical (NYSE:EMN) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Eastman Chemical announced earnings per share of $1.69 on revenue of $2.19B. Analysts polled by Investing.com anticipated EPS of $1.5 on revenue of $2.16B.
Eastman Chemical shares are down 0% from the beginning of the year, still down 9.32% from its 52 week high of $110.19 set on January 13. They are under-performing the S&P 500 which is up 0.83% from the start of the year.
Eastman Chemical follows other major Basic Materials sector earnings this month
Eastman Chemical's report follows an earnings beat by Sherwin-Williams on Thursday, who reported EPS of $5.09 on revenue of $4.49B, compared to forecasts EPS of $4.85 on revenue of $4.34B.
Southern Copper had beat expectations on Monday with fourth quarter EPS of $0.76 on revenue of $2.35B, compared to forecast for EPS of $0.7088 on revenue of $2.03B.
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