Eastman Chemical expected to report higher profit

Eastman Chemical is expected to report increased profit when it files its third quarter earnings report on Thursday.

Analysts are looking for a profit of $1.42 per share, which would be a 19 percent increase from $1.19 per share in the 2011 third quarter.

Eastman shares were down about 30 cents to $55.78 in early afternoon trading. The Kingsport, Tenn, company is a global producer of chemicals, plastics, and fibers.

So far 2012 has been a good year for the chemicals maker. Eastman beat analysts estimates in both the first and second quarters.

Eastman plans to release its 3Q report after the market closes Thursday.

Click here for Forbes’ report on Eastman Chemical.

Click here for the Wall Street Cheat Sheet report.