Eastman Chemical (EMN – Research Report), the Basic Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Vincent

On a per-share basis, the Kingsport, Tennessee-based company said it had net income of $2.82. Earnings, adjusted for non-recurring gains, came to $1.87 per share. The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.

Shares of Eastman Chemical Co. advanced 7.53% to $99.65 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.50% to 6,040.53 and Dow Jones Industrial Average falling 0.

Barclays analyst Michael Leithead maintained a Hold rating on Eastman Chemical (EMN – Research Report) today and set a price target of $111.00.