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Dividend.com: Eastman Soars

Stock quotes in this article: EMN , HON , CB , MSFT  

Eastman Chemical Shares Skyrocket on First-Quarter Adjusted Earnings Beat

Eastman Chemical(EMN Quote) said Thursday that its first-quarter profit fell a whopping 98%, but its adjusted earnings still beat analyst estimates and sent the company's shares soaring.

The Kingsport, Tenn., company reported fiscal first-quarter net income of $2 million or 3 cents per share, down 98% from $133 million or $1.68 per share in the year-ago period. These results were hurt by one-time items, including restructuring charges. ...

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