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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