Huntsman Earnings: Here’s Why Shares are Down Now

Huntsman Corporation (NYSE:HUN) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.83%.

Huntsman Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 32.76% to $0.39 in the quarter versus EPS of $0.58 in the year-earlier quarter.

Revenue: Decreased 2.88% to $2.83 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Huntsman Corporation reported adjusted EPS income of $0.39 per share. By that measure, the company missed the mean analyst estimate of $0.39. It beat the average revenue estimate of $2.82 billion.

Quoting Management: Peter R. Huntsman, our President and CEO, commented:
“I am pleased with the quality of our second quarter results. Excluding the approximate $25 million negative impact from the force majeure at our European MDI facility, and with the exception of our TiO2 Pigments division, all of our divisions improved year over year and compared to the prior quarter’s performance. We are starting to see the benefits of our restructuring efforts within our Textile Effects and Advanced Materials divisions. I am also impressed with the strong earnings from our Performance Products division following the planned maintenance closure earlier in the year.”

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter. EPS increased 105.26% from $0.19 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.58 to a profit $0.56. For the current year, the average estimate has moved down from a profit of $1.66 to a profit of $1.57 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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