Investing.com - Eastman Chemical reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Eastman Chemical announced earnings per share of $2.46 on revenue of $2.65B. Analysts polled by Investing.com anticipated EPS of $2.35 on revenue of $2.41B.
Eastman Chemical shares are up 11% from the beginning of the year and are trading at $111.90 , down-from-52-week-high.They are under-performing the S&P 500 which is up 16.8% from the start of the year.
Eastman Chemical shares gained 0.02% in after-hours trade the report.
Eastman Chemical follows other major Materials sector earnings this month
Eastman Chemical's report follows an earnings missed by Vale ADR on Thursday, who reported EPS of $1.44 on revenue of $16.68B, compared to forecasts EPS of $1.48 on revenue of $16.83B.
Sherwin-Williams had missed expectations on July 27 with second quarter EPS of $2.65 on revenue of $5.38B, compared to forecast for EPS of $2.67 on revenue of $5.39B.
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