Shares of Eastman Chemical EMN were down after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share rose 19.01% over the past year to $1.69, which beat the estimate of $1.50.
Revenue of $2,186,000,000 decreased by 0.86% from the same period last year, which beat the estimate of $2,160,000,000.
Guidance
Eastman Chemical hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Price Action
52-week high: $110.27
Company's 52-week low was at $34.44
Price action over last quarter: Up 25.27%
Company Overview
Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemicals with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.
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