Benzinga | Jan 28, 2021 05:28PM EST

Recap: Eastman Chemical Q4 Earnings

Shares of Eastman Chemical (NYSE:EMN) were down after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share rose 19.01% over the past year to $1.69, which beat the estimate of $1.50.

Revenue of $2,186,000,000 decreased by 0.86% from the same period last year, which beat the estimate of $2,160,000,000.

Guidance

Eastman Chemical hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Price Action

52-week high: $110.27

Company's 52-week low was at $34.44

Price action over last quarter: Up 25.27%

Company Overview

Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemicals with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.