Investing.com - Eastman Chemical reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Eastman Chemical announced earnings per share of $2.83 on revenue of $2.78B. Analysts polled by Investing.com anticipated EPS of $2.68 on revenue of $2.77B.
Eastman Chemical shares are down 21% from the beginning of the year and are trading at $95.16 , down-from-52-week-high.They are under-performing the S&P 500 which is down 14.56% from the start of the year.
Eastman Chemical follows other major Materials sector earnings this month
Eastman Chemical's report follows an earnings beat by Air Liquide ADR on Thursday, who reported EPS of $0.5406 on revenue of $7.41B, compared to forecasts EPS of $0.5306 on revenue of $7.3B.
Sherwin-Williams had missed expectations on Wednesday with second quarter EPS of $2.41 on revenue of $5.87B, compared to forecast for EPS of $2.77 on revenue of $6.03B.
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