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eFinanceMarkets

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eFinanceMarkets

Re: Penny Roger$ post# 1

Friday, 02/02/2018 4:13:14 PM

Friday, February 02, 2018 4:13:14 PM

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$EMN Here's a stock that actually posted a 52-week high during today's broad market losses: Eastman Chemical (EMN +1%), which crushed Q4 earnings expectations on an 8% rise in revenues.

The sales gain came despite last October's explosion at its coal gasification facility at the Kingsport, Tenn., production hub which disrupted manufacturing operations and reduced sales revenue by ~$40M; EMN CEO Mark Costa said during today's earnings conference call that operations are back to normal.

EMN also reaffirms its FY 2018 earnings guidance, seeing EPS rising 8%-12% to $8.22-$8.52 vs. $8.18 analyst consensus estimate.
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