Eastman Chemical Q3 EPS $1.47 Beats $1.45 Estimate, Sales $2.27B Miss $2.30B Estimate
Portfolio Pulse from Happy Mohamed
Eastman Chemical (NYSE:EMN) reported Q3 earnings of $1.47 per share, beating the analyst consensus estimate of $1.45 by 1.38 percent. However, this is a 28.29 percent decrease from last year's earnings. The company's quarterly sales of $2.27 billion missed the analyst consensus estimate of $2.30 billion by 1.43 percent, marking a 16.32 percent decrease from last year.
October 26, 2023 | 8:18 pm
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Eastman Chemical's Q3 earnings beat estimates but are down 28.29% YoY. Sales missed estimates and are down 16.32% YoY.
Eastman Chemical's earnings beat estimates, which is a positive signal. However, the YoY decrease in both earnings and sales, as well as the missed sales estimates, could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100