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Dow Beats Estimates; Emerging Markets Post Record Sales
8:29 AM MDT | July 27, 2011 | Nancy Seewald
Dow Chemical reported second-quarter of $1 billion, up 63% from the same period last year. Adjusted earnings were 85 cts/share, compared with 54 cts/share in the year-ago quarter and the consensus of analysts’ estimates of 76 cts/share, as reported by Thomson Reuters (New York). Ebitda increased 24%, to $2.3 billion, with gains in every operating segment. Dow’s electronic and specialty materials, and performance systems unit each achieved quarterly Ebitda records. Sales rose 18%, to $16 billion. Selling prices were up 18% from the year-ago...
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