Shares of Eastman Chemical Co., a global chemical company, which manufactures and sells a portfolio of chemicals, plastics, and fibers, advanced on Friday, after the company reported second-quarter earnings that beat Wall Street expectations.
Company’s shares increase by $3, or 6.7 percent, to $48.22 in morning trading.
On Thursday the Kingsport, Tenn.-based company said its second-quarter profit fell 43 percent to $65 million, or 89 cents per share, well above the 71-cent estimate by analysts, according to a Thomson Reuters poll.
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