Eastman Chemical Co

NYSE:EMN  
72.70
-2.04 (-2.73%)
Other Pre-Announcement

Eastman Chemical Co Sees Q3 2022 Adj EPS Of About $2.00

Published: 09/13/2022 13:58 GMT
Eastman Chemical Co (EMN) - Eastman Provides Update on Third-quarter 2022 Financial Results.
Third-quarter 2022 Adjusted Earnings per Share (eps) Are Expected to Be Approximately $2.00.
Certain Costs Have Trended Higher Than Expected and Are Impacting Third-quarter Performance.
Stronger U.S. Dollar Against a Number of Currencies, Including Euro and Yen, is Also Negatively Impacting Results.
Raising Prices Where Appropriate to Offset Higher Costs and Implementing Measures to Control Costs Across Company.
Q3 Earnings per Share View $2.60 -- Refinitiv Ibes Data (analyst estimates).
Demand Across Some End Markets, Including Agriculture and Personal Care, is Demonstrating Resilience.
Eastman Chemical - Demand Slowed More Than Expected in Aug and Sept, in Particular in Consumer Durables and Building and Construction End Markets.