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Huntsman Corp. Reveals 42% Decline In Q4 Profit

Huntsman Corp. (HUN) reported a profit for fourth quarter that dropped from last year.

The company said its earnings came in at $72 million, or $0.30 per share. This was down from $124 million, or $0.51 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.0% to $2.40 billion. This was up from $2.33 billion last year.

Huntsman Corp. earnings at a glance:

-Earnings (Q4): $72 Mln. vs. $124 Mln. last year.
-Earnings Decline (Y-o-Y): -41.9%
-EPS (Q4): $0.30 vs. $0.51 last year.
-EPS Decline (Y-o-Y): -41.2%
-Analysts Estimate: $0.25
-Revenue (Q4): $2.40 Bln vs. $2.33 Bln last year.
-Revenue Change (Y-o-Y): 3.0%

by RTT Staff Writer

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