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What happened, with direct paths to the underlying reporting
- Eastman Chemical reported revenue of $2.31 billion, down 4.2% over last year. - EPS was $1.61, compared to $1.63 in the year-ago quarter, with surprises in revenue and EPS. - Net sales for various segments showed mixed year-over-year changes. - Adjusted EBIT for different segments varied from analyst estimates. - Eastman Chemical stock returned -3.2% in the past month, with a Zacks Rank #2. Price Impact Rating: bearish Impact Horizon Rating: short-term Type: Earnings
- Eastman Chemical reported revenue of $2.31 billion, down 4.2% over last year.
- EPS was $1.61, compared to $1.63 in the year-ago quarter, with surprises in revenue and EPS.
- Net sales for various segments showed mixed year-over-year changes.
- Adjusted EBIT for different segments varied from analyst estimates.
- Eastman Chemical stock returned -3.2% in the past month, with a Zacks Rank #2.
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