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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.

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