Eastman Chemical Reveals 3% Fall In Q3 Profit

(RTTNews) - Eastman Chemical (EMN) reported earnings for third quarter that lost ground from last year.

The company said its earnings declined to $380 million, or $1.84 per share. This was down from $390 million, or $1.89 per share, in last year's third quarter.

Analysts had expected the company to earn $1.84 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.7% to $2.45 billion. This was up from $2.41 billion last year.

Eastman Chemical earnings at a glance:

-Earnings (Q3): $380 Mln. vs. $390 Mln. last year. -Earnings Decline (Y-o-Y): -2.6% -EPS (Q3): $1.84 vs. $1.89 last year. -EPS Decline (Y-o-Y): -2.6% -Analysts Estimate: $1.84 -Revenue (Q3): $2.45 Bln vs. $2.41 Bln last year. -Revenue Change (Y-o-Y): 1.7%