Stock Market U.S ::Why Eastman Chemical's Shares Jumped

Eastman Chemical Company (Eastman) is a global chemical company, which manufactures and sells a portfolio of chemicals, plastics, and fibers. Eastman has 19 manufacturing sites in 10 countries and interests in joint ventures that supply chemicals, plastics, and fiber products to customers throughout the world. The Company operates in four segments: the Coatings, Adhesives, Specialty Polymers, and Inks (CASPI) segment, the Fibers segment, the Performance Chemicals and Intermediates (PCI) segment, and the Specialty Plastics segment. On July 1, 2011, the Company acquired Dynaloy, LLC (Dynaloy). On August 9, 2011, Eastman acquired Sterling Chemicals, Inc. (Sterling). On September 1, 2011, Eastman acquired Scandiflex do Brasil S.A. Industrias Quimicas (Scandiflex).

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Eastman Substance Co.'s (NYSE:EMN)  stocks hopped in dealing Saturday after caffeine organization revealed a third-quarter profit that defeat industry objectives. Eastman Substance (NYSE:EMN) is +6.54 - +12.19% from the past near of $53.65. It exchanged between $57.41 - 61.22 with total exchanged number of 7007328 stocks. Keep an eye on EMN, as the inventory has been displaying uncommon goes over the past weeks. At Rate, EMN has retrieved +70.03% from its 52-week Low of 35.40 and has Retracted -1.68% from its 52-week high of 61.22.  The organization also brought up its full-year perspective in the income review released delayed Saturday. Its inventory was up more than 13 percent in mid-day dealing. CEO Jim Rogers said that Eastman's getting Solutia this summer enhanced the organization's overall performance. The results were strong throughout Eastman's functions, he said. 

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The big win was on the main point here, where modified income per discuss were $1.57, before $1.42 that experts predicted.  Control also said it predicted to generate $5.30 to $5.40 per discuss for the year, which is before agreement of $5.26. This is the second directly income defeat for Eastman, and the stock is still looking eye-catching. Stocks are trading at just 9.8 times forward income and, considering the organization's current performance, I think there's a considerable benefit. More slowly international development could put a wrench in outcomes, but, if the economic system choices up after the financial high ledge problems, we could see ongoing powerful enhancement in outcomes.