Huntsman: 2Q Earnings Snapshot
Jul. 31, 2018
THE WOODLANDS, Texas (AP) _ Huntsman Corp. (HUN) on Tuesday reported second-quarter earnings of $414 million.
On a per-share basis, the The Woodlands, Texas-based company said it had profit of $1.71. Earnings, adjusted to account for discontinued operations, were $1.01 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.
The chemical company posted revenue of $2.4 billion in the period.
Huntsman shares have decreased 5 percent since the beginning of the year. The stock has increased 17 percent in the last 12 months.