IHS Chemical Week

People & Business :: Earnings/Finance

Dow posts loss on $1-billion restructuring charge

11:06 AM MST | January 31, 2013 | Robert Westervelt

Dow Chemical reported a fourth-quarter net loss of $716 million, reflecting more than $1.1 billion in restructuring and other charges, compared with a loss of $20 million in the year-ago quarter. Revenues fell 1%, to $13.9 billion on lower prices and flat volume. Adjusted net income, excluding the charges, was $389 million, up 35% from the year-ago quarter. Reported adjusted earnings of 33 ct/share were 1 ct below analyst expectations as reported by Thomson Reuters....

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