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Huntsman Corp Down 4.00% To $28.58 After Earnings Miss

May 30, 2023

Huntsman Corp (HUN) said after close Monday that it earned $0.22 per share in quarter two 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.On the revenue line, the company reported $1.6 billion, missing estimates by $104 million.In the same quarter a year ago, the company earned $1.21 per share on revenue of $2.4 billion. The stock is down 4.00% to $28.58 after the report.Huntsman Corp's profit margins took a hit as earnings fell at a faster pace than revenues.Wall Street Analysts had an average rating of Hold on the stock prior to the report.InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.Huntsman Corp has performed a little above average during the past few months. Before the report, Huntsman Corp received a Long-Term Technical Rank by InvestorsObserver of 62, putting it in the top half of stocks. The firm was recently trading at a 52-week low of $23.53 on June 1, 2023 and set a 52-week high on February 2, 2023 at $33.46.Huntsman Corp is a US-based manufacturer of differentiated organic chemical products. Its product portfolio comprises Methyl diphenyl diisocyanate (MDI), Amines, Surfactants, Maleic anhydride, Epoxy-based polymer formulations, Textile chemicals, Dyes, and Others. The company's products are used in adhesives, aerospace, automotive, construction products, among others. Its operating segments are Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. It derives most of its revenue from the Polyurethanes segment which includes MDI, polyols, TPU (thermoplastic polyurethane), and other polyurethane-related products. Its geographical segments are the United States & Canada, Europe, Asia- Pacific, and the Rest of the world.