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Eastman Chemical's stock slightly dropped despite beating earnings expectations and announcing a dividend.
Eastman Chemical's stock saw a slight drop in holdings by some institutional investors in Q4, including a 1.6% decrease by Envestnet Portfolio Solutions Inc.
Despite this, Eastman Chemical outperformed earnings expectations, reporting $1.87 per share and maintaining a "Moderate Buy" rating.
The company also announced a quarterly dividend of $0.83 per share.
However, the stock faced challenges due to concerns over end-market demand and policy changes.
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Las acciones de Eastman Chemical cayeron ligeramente a pesar de superar las expectativas de ganancias y anunciar un dividendo.