UPDATE: Huntsman Posts Upbeat Q4 Results
Huntsman (NYSE: HUN) reported better-than-expected fourth-quarter results.
Huntsman posted a quarterly net loss of $40 million, or $0.17 per share, versus a year-ago profit of $105 million, or $0.44 per share. Excluding one-time items, it earned $0.24 per share.
Its net sales declined to $2.62 billion. However, analysts were expecting a profit of $0.23 per share on revenue of $2.49 billion.
Huntsman shares closed at $19.07 yesterday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.