Eastman's (EMN) Earnings and Sales Surpass Estimates in Q4
EMNEastman(EMN) Zacks Investment Research·2024-02-02 22:01

Eastman Chemical Company (EMN) recorded a fourth-quarter 2023 profit of $310 million or $2.61 per share compared with $1 million or a penny per share in the year-ago quarter.Barring one-time items, earnings were $1.31 per share, up from 89 cents in the year-ago quarter. Earnings surpassed the Zacks Consensus Estimate of $1.28.Revenues declined around 7% year over year to $2,207 million in the quarter. The figure beat the Zacks Consensus Estimate of $2,166.7 million. Lower sales volumes due to weak end-marke ...