BUZZ-Eastman Chemical up on Q4 profit beat

Reuters

02-01

BUZZ-Eastman Chemical up on Q4 profit beat

** Shares of chemical company Eastman Chemical EMN.N up 8.60% at $100.64, their highest level since Dec. 6

** On Thursday after markets closed, co reported Q4 adj EPS of $1.87, above analysts' estimates of $1.57, according to data compiled by LSEG

** "Eastman will generate profit growth over the next several years as the company's specialty plastics are used in more consumer durable goods," says investment research firm Morningstar

** Co forecasts 2025 EPS to be between $8.00-$8.75 vs analysts' estimates of $8.47

** EMN stock gained ~1.67% in 2024

(Reporting by Subiksha S in Bengaluru)

((Subiksha.S@thomsonreuters.com))

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