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Eastman Chemical (EMN) Reports Q1 Earnings: What Key Metrics Have to Say

Apr 25, 2024, 7:34 PM EDT1 sourcesAI-analyzed

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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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