WASHINGTON (dpa-AFX) - Eastman Chemical (EMN) released a profit for its
fourth quarter that increased from the same period last year and beat the
Street estimates.

The company's bottom line came in at $310 million, or $2.61 per share. This
compares with $1 million, or $0.01 per share, in last year's fourth quarter.

Excluding items, Eastman Chemical reported adjusted earnings of $155 million or
$1.31 per share for the period.

Analysts on average had expected the company to earn $1.30 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 6.8% to $2.21 billion from $2.37
billion last year.

Eastman Chemical earnings at a glance (GAAP) :

-Earnings (Q4): $310 Mln. vs. $1 Mln. last year.
-EPS (Q4): $2.61 vs. $0.01 last year.
-Analyst Estimate: $1.30
-Revenue (Q4): $2.21 Bln vs. $2.37 Bln last year.


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