Eastman Chemical (EMN) Shares Pop 17% in 3 Months: Here's Why

Forecast-topping earnings performance in the first quarter of 2024 and upbeat prospects have contributed to the rally in the company's shares. EMN's adjusted earnings of $1.61 per share trounced the Zacks Consensus Estimate of$1.41. Revenues of $2,310 million for the quarter also beat the Zacks Consensus Estimate of$2,259.2 million. Eastman is gaining from its actions to manage costs. It is expected to benefit from lower operating costs from its operational transformation program. EMN is taking actions to ...