Investing.com - Eastman Chemical reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Eastman Chemical announced earnings per share of $1.57 on revenue of $2.12B. Analysts polled by Investing.com anticipated EPS of $1.37 on revenue of $2.08B.
Eastman Chemical shares are up 3% from the beginning of the year and are trading at $81.89 , down-from-52-week-high.They are outperforming the S&P 500 which is up 2.46% from the start of the year.
Eastman Chemical follows other major Basic Materials sector earnings this month
Eastman Chemical's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $8.29 on revenue of $5.12B, compared to forecasts EPS of $7.78 on revenue of $5.07B.
Vale ADR had beat expectations on Wednesday with third quarter EPS of $0.68 on revenue of $10.76B, compared to forecast for EPS of $0.67 on revenue of $10.98B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar