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Huntsman 4Q results top Wall Street expectations

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Posted: Feb 11, 2014 9:16 AM

Updated: Feb 11, 2014 9:16 AM

THE WOODLANDS, Texas (AP) Huntsman Corp. has turned a profit in its fourth quarter, as the prior-year period included a bigger loss on early debt extinguishment.

The company based in The Woodlands on Tuesday reported, for the three months that ended Dec. 31, earning $41 million, or 17 cents per share. That compares with a loss of $40 million, or 17 cents per shares, a year earlier.

The year-ago period included a $78 million loss on early debt extinguishment, while the current quarter's was $16 million.

Excluding certain items, earnings were 48 cents per share.

Revenue increased 3 percent to $2.71 billion from $2.62 billion.

Full-year net income declined 65 percent to $128 million, or 53 cents per share, from $363 million, or $1.51 per share, in the previous year.

Topics: Earns-Huntsman

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