Huntsman: 4Q Earnings Snapshot
THE WOODLANDS, Texas (AP) _ Huntsman Corp. (HUN) on Friday reported fourth-quarter net income of $343 million.
On a per-share basis, the The Woodlands, Texas-based company said it had net income of $1.54. Earnings, adjusted for non-recurring gains, were 51 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The chemical company posted revenue of $1.67 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $1.64 billion.
For the year, the company reported profit of $1.03 billion, or $4.66 per share. Revenue was reported as $6.02 billion.
Huntsman shares have risen 12% since the beginning of the year. The stock has increased 33% in the last 12 months.