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Eastman Chemical Q1 adjusted earnings Beat Estimates

Eastman Chemical (EMN) reported earnings for its first quarter that climbed from the same period last year.

The company's bottom line totaled $258 million, or $1.89 per share. This compares with $209 million, or $1.49 per share, in last year's first quarter.

Excluding items, Eastman Chemical reported adjusted earnings of $277 million or $2.03 per share for the period.

Analysts had expected the company to earn $1.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.9% to $2.24 billion from $2.38 billion last year.

Eastman Chemical earnings at a glance:

-Earnings (Q1): $277 Mln. vs. $248 Mln. last year.
-EPS (Q1): $2.03 vs. $1.77 last year.
-Analysts Estimate: $1.72
-Revenue (Q1): $2.24 Bln vs. $2.38 Bln last year.

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