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Huntsman Corp. Q1 Profit Increases, beats estimates

Huntsman Corp. (HUN) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $223 million, or $1.04 per share. This compares with $83 million, or $0.37 per share, in last year's first quarter.

Excluding items, Huntsman Corp. reported adjusted earnings of $256 million or $1.19 per share for the period.

Analysts on average had expected the company to earn $1.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 29.9% to $2.39 billion from $1.84 billion last year.

Huntsman Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $223 Mln. vs. $83 Mln. last year.
-EPS (Q1): $1.04 vs. $0.37 last year.
-Analyst Estimate: $1.03
-Revenue (Q1): $2.39 Bln vs. $1.84 Bln last year.

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