Eastman Chemical (EMN) is one of the worst-performing stocks, falling to a new low on Friday with a 5-day losing streak. At intra-day trading, shares dropped to $56.78 before recovering slightly to end the day down 19.03% at $58.79, impacted by disappointing earnings and a lower growth outlook.

Financial statement reveals that Eastman Chemical (EMN) saw a 39% drop in attributable net income to $140 million and a 3% dip in sales to $2.29 billion, attributed to weak demand in building, construction, and automotive OEM production. First-half net income declined by 18% to $322 million.

Eastman Chemical (EMN) anticipates further declines in volumes due to macroeconomic uncertainties and trade disputes. CEO Mark Costa projects third-quarter adjusted earnings per share of around $1.25 and expects a full-year operating cash flow of approximately $1 billion.

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Read more at Yahoo Finance: Eastman (EMN) Falls to New Low on Earnings Drop