Eastman Chemical: Fourth Quarter Earnings Overview

Eastman Chemical Reports Fourth-Quarter Financial Results

Eastman Chemical Company, headquartered in Kingsport, Tennessee, announced on Thursday that it earned $105 million during the fourth quarter.

The company’s earnings translated to 92 cents per share, or 75 cents per share after excluding one-time items.

These figures came in slightly below analyst projections. According to Zacks Investment Research, six analysts had anticipated earnings of 76 cents per share.

Eastman Chemical, which specializes in chemicals, generated $1.97 billion in revenue for the quarter. This amount also missed expectations, as five analysts surveyed by Zacks had forecasted $2.04 billion in revenue.

For the full year, Eastman Chemical reported a total profit of $474 million, or $4.10 per share, with annual revenue reaching $8.75 billion.

This article was produced by Automated Insights using data provided by Zacks Investment Research.