Eastman Chemical Shares Skyrocket on First-Quarter Adjusted Earnings BeatEastman Chemical ( EMN) 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.
Honeywell Slashes Full-Year Forecast after First-Quarter Profit Falls 38%Diversified technology and manufacturing company Honeywell ( HON) said Friday that its first-quarter profits sank as the economic recession hit the company harder than it had anticipated.
Hurt by Investment Losses, Chubb First-Quarter Profit Falls 48%Insurance holding company Chubb ( CB) saw its first-quarter profits fall more than 48% year over year, hurt by investment losses and lower policy sales. The Warren, N.J., company reported fiscal first-quarter net income of $341 million or 95 cents per share, compared with $664 million or $1.77 per share in the year-ago period. Chubb's operating earnings fell to $1.43 per share. On average, Wall Street analysts expected profits of $1.38 per share excluding one-time items.