Markets :: Fine Chemicals/Biotech :: Agricultural chemicals
Agchems, Emerging Markets to Help First-Quarter Results
12:58 PM MDT | April 18, 2008 | Kerri Walsh
The first-quarter earnings season is expected to be a mixed bag for U.S. chemical companies, analysts say. Results may be better than expected across certain sectors, including agchems, despite recent reports that the U.S. economy is slipping into a recession, analysts say. “Despite weak housing and auto markets, we believe the first quarter was not a bad quarter for chemicals,” says Frank Mitsch, analyst at BB&T Capital Markets (New York). Earnings will be better than expected for global diversified chemical companies with a strong presence in...
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