16 September 2010 14:37 [Source: ICIS news]
TORONTO (ICIS)--Eastman Chemical’s third quarter and full year 2010 earnings will beat expectations because of solid selling prices, high industry capacity utilisation rates, and a weaker-than-expected seasonal decline in sales volumes, chief executive Jim Rogers said on Thursday.
Third-quarter earnings per share were expected to come in at $2.20-2.30 (€1.69-1.77), and full-year 2010 earnings per share were expected to approach $7, he said.
Eastman’s earlier projection from July was for third-quarter earnings per share of $1.65-1.75 and full year 2010 earnings per share of $6.20-6.40.
($1 = €0.77)
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