KINGSPORT, Tenn. (AP) — KINGSPORT, Tenn. (AP) — Eastman Chemical Co. (EMN) on Monday reported third-quarter earnings of $47 million.
The Kingsport, Tennessee-based company said it had net income of 40 cents per share. Earnings, adjusted for non-recurring costs, came to $1.14 per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The specialty chemicals maker posted revenue of $2.2 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $2.24 billion.
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