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Eastman Chemical Q4 Profit Advances

Eastman Chemical (EMN) announced earnings for its fourth quarter that increased compared to the same period last year.

The company said its bottom line climbed to $354 million, or $1.62 per share. This was up from $336 million, or $1.51 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.8% to $2.36 billion. This was up from $2.19 billion last year.

Eastman Chemical earnings at a glance:

-Earnings (Q4): $354 Mln. vs. $336 Mln. last year.
-Earnings Growth (Y-o-Y): 5.4%
-EPS (Q4): $1.62 vs. $1.51 last year.
-EPS Growth (Y-o-Y): 7.3%
-Analysts Estimate: $1.06
-Revenue (Q4): $2.36 Bln vs. $2.19 Bln last year.
-Revenue Change (Y-o-Y): 7.8%

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