Huntsman slips as co swings to quarterly loss

Huntsman

21/02/2023 13:18

** Shares of chemical maker Huntsman Corp  HUN.N  down 3.6%
at $29.5 premarket
    ** Co posts Q4 loss of $91 mln vs year-ago profit of $597
mln, hurt by lower sales  urn:newsml:reuters.com:*:nPn9HM0ZTa
    ** Co's Q4 adj EPS of 4 cents per share misses analysts'
expectations of 10 cents - Refinitiv data
    ** We are seeing some green shoots in areas like China,
automotive, and aerospace, but construction demand globally is
still under pressure - Huntsman 
    ** Co expects 2023 capex to be between $240 mln and $250
mln, compared with analysts' average expectations of $296 mln
    ** So far this year, shares up ~12% 
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))