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BRIEF-Eastman Chemical Co Sees Q3 2022 Adj EPS Of About $2.00

BRIEF-Eastman Chemical Co Sees Q3 2022 Adj EPS Of About $2.00

Reuters · 09/13/2022 09:53
BRIEF-Eastman Chemical Co Sees Q3 2022 Adj EPS Of About $2.00

- Eastman Chemical Co EMN.N:

  • EASTMAN PROVIDES UPDATE ON THIRD-QUARTER 2022 FINANCIAL RESULTS

  • THIRD-QUARTER 2022 ADJUSTED EARNINGS PER SHARE (EPS) ARE EXPECTED TO BE APPROXIMATELY $2.00

  • CERTAIN COSTS HAVE TRENDED HIGHER THAN EXPECTED AND ARE IMPACTING THIRD-QUARTER PERFORMANCE

  • STRONGER U.S. DOLLAR AGAINST A NUMBER OF CURRENCIES, INCLUDING EURO AND YEN, IS ALSO NEGATIVELY IMPACTING RESULTS

  • RAISING PRICES WHERE APPROPRIATE TO OFFSET HIGHER COSTS AND IMPLEMENTING MEASURES TO CONTROL COSTS ACROSS COMPANY

  • Q3 EARNINGS PER SHARE VIEW $2.60 -- REFINITIV IBES DATA

  • DEMAND ACROSS SOME END MARKETS, INCLUDING AGRICULTURE AND PERSONAL CARE, IS DEMONSTRATING RESILIENCE

  • EASTMAN CHEMICAL - DEMAND SLOWED MORE THAN EXPECTED IN AUG AND SEPT, IN PARTICULAR IN CONSUMER DURABLES AND BUILDING AND CONSTRUCTION END MARKETS

Source text for Eikon: ID:

Further company coverage: EMN.N


((Reuters.Briefs@thomsonreuters.com;))