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UNION CARBIDE EXPECTS 4TH QUARTER EARNINGS TO EXCEED MOST MARKET ESTIMATES

 DANBURY, Conn., Jan. 17 /PRNewswire/ -- Union Carbide Corporation (NYSE: UK) today said it expects fourth quarter 1993 earnings to be about $0.25 per share fully diluted, exceeding most market estimates. The company earned $0.12 per share in the comparable quarter last year.
 The company said that while margins for some of its major products were down from the fourth quarter of 1992, current quarter earnings benefited from continued reduction in fixed costs and interest expense, as well as strong performance from its partnerships and corporate joint ventures. The company said overall variable margin rate was about flat compared to the third quarter of 1993.
 The company expects to announce details of its earnings next week.
 -0- 1/17/94
 /CONTACT: Tomm F. Sprick of Union Carbide, 203-794-6992/
 (UK)


CO: Union Carbide Corporation ST: Connecticut IN: CHM SU: ERP

TW -- NY078 -- 2463 01/17/94 14:56 EST
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Publication:PR Newswire
Date:Jan 17, 1994
Words:149
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