Eastman Chemical Co
EMN: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| b^R | LOCK|!%#! | LOCK|Jp@v#V |
Eastman Chemical Earnings: Shares Plunge on Demand Concerns as Guidance Well Below Consensus
Eastman reported down second-quarter results as adjusted operating profits were down over 20% year on year due to lower volumes and an unplanned outage. Shares were down 21% at time of writing Aug. 1, as the market reacted to third-quarter guidance coming in well below FactSet consensus estimates.
