Investing.com - Eastman Chemical reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Eastman Chemical announced earnings per share of $2.05 on revenue of $2.71. Analysts polled by Investing.com anticipated EPS of $2.09 on revenue of $2.6B.
Eastman Chemical shares are down 18% from the beginning of the year and are trading at $73.00 , down-from-52-week-high.
Eastman Chemical shares lost 3.39% in after-hours trade the report.
Eastman Chemical follows other major Materials sector earnings this month
Eastman Chemical's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran had missed expectations on Thursday, October 20, 2022 with third quarter EPS of $0.26 on revenue of $5B, compared to forecast for EPS of $0.3167 on revenue of $5.37B.
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