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Dow beats estimates
1:46 PM MDT | July 25, 2014 | Rebecca Coons
Dow Chemical's second-quarter results beat estimates as margins improved in its performance plastics segment and sales increased across all of the company's business segments. Dow reports second-quarter net income of $882 million, down 62.3% year-on-year (YOY). The 2013 quarter included $2.2-billion in proceeds from the K-Dow arbitration resolution. Adjusted earnings of 74 cts/share were up 16% YOY and beat the 72 cts/share analyst consensus compiled by Thomson Reuters. Sales were up 2% YOY, to $14.9 billion. Gains were reported in all operating segments...
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