Huntsman Corp. Q2 Profit Decreases, but beats estimates

(RTTNews) - Huntsman Corp. (HUN) reported a profit for its second quarter that increased from last year but beat the Street estimates.

The company's earnings came in at $228 million, or $1.10 per share. This compares with $156 million, or $0.70 per share, in last year's second quarter.

Excluding items, Huntsman Corp. reported adjusted earnings of $265 million or $1.28 per share for the period.

Analysts on average had expected the company to earn $1.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.8% to $2.36 billion from $2.02 billion last year.

Huntsman Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $228 Mln. vs. $156 Mln. last year. -EPS (Q2): $1.10 vs. $0.70 last year. -Analyst Estimate: $1.15 -Revenue (Q2): $2.36 Bln vs. $2.02 Bln last year.