Huntsman Corp. (HUN) Tops Q2 EPS by 11c

Huntsman Corp. (NYSE: HUN) reported Q2 EPS of $0.59, $0.11 better than the analyst estimate of $0.48. Revenue for the quarter came in at $2.99 billion versus the consensus estimate of $2.9 billion.

Peter R. Huntsman, our President and CEO, commented:

"We saw strong earnings in the second quarter as a result of increased demand for key products such as MDI and amines and higher selling prices for many of our products. We also benefited from restructuring efforts in our Advanced Materials and Textile Effects businesses. These results are well in line with our earlier forecast of substantial earnings growth in the next two to three years.

We are working closely with the European Commission in its review of the proposed acquisition of Rockwood Holding's Performance Additives and Titanium Dioxide businesses. We have proposed certain remedies we believe address the Commission's concerns and are confident that final approval will be secured by the end of the third quarter."

For earnings history and earnings-related data on Huntsman Corp. (HUN) click here.

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