Eastman Chemical (NYSE:EMN) reports 4Q16 Profit Down 5%
Eastman Chemical (NYSE:EMN)
headquartered in Kingsport, Tennessee reported net income for the fourth quarter of $ 273.00 million or $ 0.87 per share, compared to income $ 172.00 million or $ 0.83 per share for the year-ago quarter.
The company reported fourth quarter operating income of $ 336.00 million or $ 1.51 per share, while analysts from Thomson Reuters expected $ 1.49 per share.
Top line figures for the fourth quarter decreased to $ 2.19 billion from $ 2.23 billion in the same quarter last year, where as analysts anticipated $ 2.14 billion.