The chemical producer reported earnings of 60 cents per diluted share on a non-GAAP adjusted basis, 7 cents better than the 53 cents per share analysts were expecting for the period.
Revenue for the period rose 1.5% over the previous year to $2.88 billion on strong consumer demand, but fell short of analysts $2.91 billion million guidance for the quarter.
The company said that it reduced costs and focused on key revenue generators during the period.
TheStreet Ratings team rates HUNTSMAN CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate HUNTSMAN CORP (HUN) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, increase in stock price during the past year, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: HUN Ratings Report