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Huntsman Corp. Q1 adjusted earnings Beat Estimates

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

The company's earnings came in at $83 million, or $0.37 per share. This compares with $705 million, or $3.16 per share, in last year's first quarter.

Excluding items, Huntsman Corp. reported adjusted earnings of $147 million or $0.66 per share for the period.

Analysts had expected the company to earn $0.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.7% to $1.84 billion from $1.59 billion last year.

Huntsman Corp. earnings at a glance:

-Earnings (Q1): $147 Mln. vs. $65 Mln. last year.
-EPS (Q1): $0.66 vs. $0.29 last year.
-Analysts Estimate: $0.59
-Revenue (Q1): $1.84 Bln vs. $1.59 Bln last year.

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