Eastman Q3 and full year profit to beat expectations – CEO Rogers

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)

For more on Eastman Chemical and other producers visit ICIS company intelligence
To discuss issues facing the chemical industry go to ICIS connect


By: Stefan Baumgarten
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index