Eastman Chemical, TCF Financial Announce Earnings

Eastman Chemical (EMN) announced that it earned $154 million, or 99 cents per share, for the most recent quarter versus net income of $174 million, or $1.22 per share, in the same quarter last year. Total revenue increased to $2.26 billion from $1.81 billion. Analysts were expecting earnings of $1.42 per share on revenue of $2.35 billion. The company expects to earn $5.30 to $5.40 per share for the year, up from the prior forecast of $5.30 per share, and beating estimates of $5.26 for the year.