Eastman Chemical quarterly profit slips 54 percent


July 30 (Reuters) - Eastman Chemical Co posted a 54 percent drop in quarterly profit on Monday as demand slipped for specialty plastics and the company spent heavily to integrate rival Solutia. For the second quarter, the company posted net income of $31 million, or $1.26 per share, compared with $68 million, or $1.51 per share, in the year-ago quarter. Revenue fell 1.7 percent to $1.85 billion. Earlier this month, Eastman completed its $3.4 ...

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