Eastman Chemical (NYSE:EMN) reported its Q3 earnings results on Thursday, October 28, 2021 at 04:30 PM.
Here’s what investors need to know about the announcement.
Earnings
Eastman Chemical missed their estimated earnings by 0.0%, reporting an EPS of $2.46 versus an estimate of $2.46, which did not surprise analysts.
Revenue was up $598,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.16, which was followed by a 0.1% drop in the share price the next day.
Here’s a look at Eastman Chemical’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 2.30 | 2.04 | 1.50 | 1.35 |
| EPS Actual | 2.46 | 2.13 | 1.69 | 1.57 |
| Revenue Estimate | 2.40B | 2.33B | 2.16B | 2.07B |
| Revenue Actual | 2.65B | 2.41B | 2.19B | 2.12B |
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