Eastman Chemical Expects H2 Adjusted EPS To Be Somewhat Below H1 And For 2023 EPS To Be $6.50-$7.00
Portfolio Pulse from Benzinga Newsdesk
Eastman Chemical has projected its H2 adjusted EPS to be somewhat lower than H1. The company also expects its 2023 EPS to be in the range of $6.50-$7.00.
July 27, 2023 | 8:40 pm
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Eastman Chemical's projected lower H2 adjusted EPS compared to H1 and 2023 EPS forecast of $6.50-$7.00 could impact its stock performance.
Eastman Chemical's projection of a lower H2 adjusted EPS compared to H1 indicates a potential decrease in profitability, which could negatively impact investor sentiment and the company's stock price. The 2023 EPS forecast, while providing a longer-term outlook, also plays a role in shaping investor expectations and could influence the stock's performance.
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