Eastman Chemical (EMN) Q2 Earnings Top Estimates, Sales Miss

Eastman Chemical Company (EMN) recorded a second-quarter 2024 profit of $230 million or$1.94 per share compared with $272 million or$2.27 in the year-ago quarter. Revenues increased roughly 1.7% year over year to $2,363 million in the quarter. The figure missed the Zacks Consensus Estimate of$2,369.3 million. Sales volume increased slightly, led by durables and automotive end markets and was also aided by the end of customer inventory destocking in most end markets. The improvement was partly offset by t ...