Earnings
Eastman Chemical Says 2Q Will Be Near Street View
The Associated Press
04/23/09 - 06:39 PM EDT
KINGSPORT, Tenn. (AP) Chemical, fiber and plastic maker Eastman Chemical Co. said on Thursday it expects second-quarter earnings per share to be "similar to" the current analyst expectation of 71 cents per share.
The company left unchanged its full-year guidance for a profit of $2 to $3 per share. Analysts surveyed by Thomson Reuters were expecting a profit of $2.29 per share.
The news came the same day Eastman recorded a $2 million first-quarter profit even as results declined in most of its segments. The company said it is still on track to preserve its dividend.
Eastman Chemical shares rose 26 cents to close at $33.11.