Apr. 25 at 5:48 PM
$EMN Materials stocks underperform as Eastman Chemical drops 6%
The S&P 500
materials sector was down about 1% in afternoon trading, making it the worst group in the index on Friday according to FactSet.
Materials were weighed down by Eastman Chemical
, which fell 6%. The company on Friday morning reported first-quarter revenue of
$2.29 billion, slightly below Wall Street expectations of
$2.33 billion, according to FactSet. Second-quarter earnings guidance also came in below expectations, with Eastman citing tariff uncertainty as a factor.
