Eastman misses estimates on lower volumes, capacity utilization

Eastman misses estimates on lower volumes, capacity utilization
WESPECH PTE LTD
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05.08.2020

MOSCOW (MRC) -- Eastman ChemicalВ has reported second-quarter net earnings down 89.5% year-on-year (YOY), to USD27 million, on sales down 18.6%, to USD1.92 billion, reported Chemweek. Adjusted earnings fell 57.2% YOY, to 85 cents/share, short of analysts' consensus estimate of USD1.05/share, as reported by Refinitiv (New York, New York). Lower volumes, lower selling prices, and reduced ca

Full article at mrcplast.com

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