Eastman Chemical Co. (EMN) Reports Loss

Eastman Chemical Co. (NYSE: EMN) reported on Thursday a 4th quarter loss of $32 million, or 44 cents per share, compared with a loss of $2 million, or 3 cents per share, for the 4th quarter a year ago.

If one time charges weren't included, the company would have earned $1.14 per share, up from 5 cents per share a year earlier.

Revenue for the 4th quarter fell 1% to $1.33 billion down from $1.35 billion the previous year.

Analysts surveyed by FactSet Research had expected Eastman Chemical Co. to report earnings of $1 per share on $1.25 billion in revenue.

Shares of the company fell 1.9% to close at $56.98 ahead of the report but were up nearly 3% in after hours trading.