- The improved earnings per share were driven by higher operating earnings primarily due to a recent decline in raw material and energy costs, higher sales revenue, and ongoing cost reductions which more than offset lower sales volume due to softening demand.

Other headlines for [EMN]

• EMN 12/30/1899 00:00am
  Eastman Chemical Co Forms JV with SK Chemicals for cellulose acetate tow production- Have signed a joint venture agreement to form a company that will construct a cellulose acetate tow manufacturing facility in Korea - more...
  
• EMN 12/30/1899 00:00am
  Eastman Chemical Co Cutting costs in response to global recession, sees more than $100M in savings in 2009, $5M charge in Q4- EMN has announced a series of actions the company is taking to respond to current economic more...
  
• EMN 12/30/1899 00:00am
  Eastman Chemical Co Update: Elected Jim Rogers as CEO, effective May 7, 2009; appoints Rogers as Director, effective immediately- Rogers is currently president of the company and chemicals and fibers business group more...
  
• 12/30/1899 00:00am
  Barron's Cover Story: Exchange stocks are cheap- Barron's cover is positive on exchange stocks, NYX, NDAQ, CME, and ICE. The exchange stocks have been dragged down by indiscriminate selling of any more...
  
• EMN 12/30/1899 00:00am
  Eastman Chemical Co Guides Q4 EPS "well below" $0.90 v $0.88e - web presentation- Guides Q4 volumes down more than 15% y/y. - Plans to operate plants at less than 70% capacity. - Idling plants in Singapore, more...
  

Industrials sector headlines

• NAT Today 04:20pm
  Nordic American Tanker Files to sell 3.0M shares through Morgan Stanley (8.7% of shares outstanding)-450K overallotment option
  
• IPI Today 04:15pm
  Intrepid Potash Reports on Regulatory Developments Regarding its HB Solar Solution Mine; No potash volume hit-Company reports the Bureau of Land Management (BLM) has determined that an Environmental Impact Statement more...
  
• SPEC Today 04:00pm
  Spectrum Control Inc Reports Q4 $0.20 v $0.19e, R $33.8 v $33.9Me- Guides Q1 EPS $0.18-0.20 v $0.19e, R $33-34.5M v $35Me - Q4 Gross Margins 27.3% v 25.2% y/y - Co states "total sales order backlog is over $69M, up more...
  
• WDFC Today 04:00pm
  WD-40 Co Reports Q1 $0.46 v $0.41e, R $83.6M v $82.4Me; Cuts Q2 outlook- Guides FY09 $1.60-1.75 v $1.77e, R$ 305-315M v $329.5Me - Guides Q2 $0.23-0.28 v $0.48e, R $69-71M v $82.2Me
  
• NOC Today 03:01pm
  Northrop Grumman Corp Reorganizing cetain business- These actions, effective immediately, include streamlining its organizational structure, reducing the number of sectors from seven to five. The five sectors will be more...