Eastman’s Second Quarter Earnings Fall Short Of Wall Street Analysts

The regions largest employer sees its second quarter net income fall short of Wall Street expectations. Eastman Chemical Company based in Kingsport, reported net income of 27 million dollars. The chemical manufacturer posted revenue of one point 92 billion dollars in the second quarter exceeding forecasts. However, Eastman shares have decreased five percent since the beginning of the year and in the final minutes of trading on Monday, shares hit just over 75 dollars, an increase of roughly four percent in the last 12 months.