Investing.com - Eastman Chemical reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Eastman Chemical announced earnings per share of $2.46 on revenue of $2.72B. Analysts polled by Investing.com anticipated EPS of $2.46 on revenue of $2.6B.
Eastman Chemical shares are up 14% from the beginning of the year and are trading at $108.80 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 22.42% from the start of the year.
Eastman Chemical shares lost 1.13% in after-hours trade following the report.
Eastman Chemical follows other major Basic Materials sector earnings this month
Eastman Chemical's report follows an earnings missed by Sherwin-Williams on Tuesday, who reported EPS of $2.09 on revenue of $5.15B, compared to forecasts EPS of $2.13 on revenue of $5.09B.
BASF ADR had beat expectations on Wednesday with third quarter EPS of $0.4522 on revenue of $22.81B, compared to forecast for EPS of $0.4387 on revenue of $20.64B.
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