IHS Chemical Week

Cheap feedstocks, agriculture lift Dow profit

11:42 AM MDT | April 25, 2013

Cheap natural gas and strong agriculture markets lifted Dow Chemical’s first-quarter earnings ahead of estimates, but chairman and CEO Andrew Liveris says that, given "persistent volatility and uncertainty," the company will continue to operate on the assumption that there will be no macroeconomic improvement in 2013. Dow reported net income of $550 million for the quarter ended 31 March, up 33.5% from the year-ago period. Adjusted earnings of 69 cts/share was 13.1% above both year-ago results and a consensus of analyst estimates reported by Thomson Reuters...

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