KINGSPORT, Tenn. (AP) 鈥� KINGSPORT, Tenn. (AP) 鈥� Eastman Chemical Co. (EMN) on Thursday reported first-quarter earnings of $107 million.
The Kingsport, Tennessee-based company said it had profit of 93 cents per share. Earnings, adjusted for non-recurring costs and asset impairment costs, were $1.09 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
The specialty chemicals maker posted revenue of $2.18 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $2.21 billion.
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