Recap: Eastman Chemical Q4 Earnings
Portfolio Pulse from Benzinga Insights
Eastman Chemical (NYSE:EMN) reported Q4 earnings with an EPS of $1.31, slightly beating the estimate of $1.3, marking a 0.77% beat. However, revenue saw a decrease of $166 million from the same period last year. In the previous quarter, EMN beat the EPS estimate by $0.02, leading to a 3.54% share price increase the following day. The company has shown varied performance over the past quarters, with both earnings and revenue fluctuating.
February 01, 2024 | 9:40 pm
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Eastman Chemical reported Q4 earnings with a slight beat on EPS estimates but a decrease in revenue compared to last year. The company has a history of stock price increase following earnings beats.
Eastman Chemical's slight beat on EPS estimates could be seen positively by investors, potentially leading to a short-term increase in stock price, similar to the previous quarter's performance. However, the decrease in revenue might temper some of the positive sentiment, making the overall impact likely positive but with caution.
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