Eastman expects 2009 earnings at $3.50/share

17 November 2009 15:00  [Source: ICIS news]

TORONTO (ICIS news)--Eastman Chemical expects 2009 full-year earnings per share of about $3.50, the US-based international chemicals producer said on Tuesday.

The earnings target excludes asset impairments and restructuring charges Eastman took in the first nine months, the company said.

It compares with Eastman’s earlier target of full-year 2009 earnings per share “towards the high end” of a $2.00-$3.00 range.

Last year, Eastman had full-year earnings per share from continuing operations - excluding impairment and restructuring charges - of $4.50, down from $5.06 in 2007.

Chief executive Jim Rogers will further update analysts on Eastman’s growth strategy during the company’s investor day on Tuesday.

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By: Stefan Baumgarten
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