in this issue
World News and Views :: Top of the News
Dow earnings drop 39%, but beat estimates
11:03 AM MDT | October 25, 2012 | Robert Westervelt
Dow Chemical reported third-quarter net income of $497 million, a 39% decline from the year-ago quarter. Sales were $13.6 billion, down 10%, or 7% excluding the impact of divestitures. Dow’s reported earnings of 42 cts/share were down 32% from the year-ago quarter but 14% above the median analyst estimate of 37 cts/share as reported by Thomson Reuters (New York). Dow reported earnings late Tuesday evening, about 32 hours earlier than scheduled, due to “the inadvertent and premature release of a restructuring announcement.”...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee