Huntsman beats Street 4Q forecasts

THE WOODLANDS, Texas (AP) _ Huntsman Corp. (HUN) on Wednesday reported fourth-quarter net income of $128 million.

On a per-share basis, the The Woodlands, Texas-based company said it had net income of 53 cents. Earnings, adjusted for one-time gains and costs, came to 30 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

The chemical company posted revenue of $2.4 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.33 billion.

For the year, the company reported profit of $326 million, or $1.36 per share. Revenue was reported as $9.66 billion.

Huntsman shares have climbed 14 percent since the beginning of the year. The stock has more than doubled in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HUN at https://www.zacks.com/ap/HUN

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Keywords: Huntsman, Earnings Report