- Here's a stock that actually posted a 52-week high during today's broad market losses: Eastman Chemical (EMN +1%), which crushed Q4 earnings expectations on an 8% rise in revenues.
- The sales gain came despite last October's explosion at its coal gasification facility at the Kingsport, Tenn., production hub which disrupted manufacturing operations and reduced sales revenue by ~$40M; EMN CEO Mark Costa said during today's earnings conference call that operations are back to normal.
- EMN also reaffirms its FY 2018 earnings guidance, seeing EPS rising 8%-12% to $8.22-$8.52 vs. $8.18 analyst consensus estimate.