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BASF's Quarterly Results Up on High Demand and Capacity Utilization Rates

4:14 AM MDT | October 28, 2010 | Kerri Walsh

 BASF says demand and capacity utilization rates remained high in the third quarter, and "there was hardly any sign of the usual seasonal slowdown." Net income rose to €1.2 billion from €200 million, helped by a lower tax rate. Earnings were €1.52/share before special items, below consensus estimates of €1.58/share, as reported by Vara Research. Sales jumped 23%, to €15.8 billion, and operating income before special items increased 77%, to €2.2 billion. BASF also announced it raised its full-year 2010 sales estimates...

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