Lower Costs Lift Basic and Diversified Chemical Earnings

Most North American basic and diversified chemical makers beat analysts’ fourth-quarter earnings estimates (table). Lower raw material and energy costs helped to offset weak demand in U.S. automotive and housing markets. Dow Chemical’s net income fell 11%, to $975 million ($1.00/share). Earnings were 98 cts/share excluding one-time items. Dow, however, exceeded the consensus of analysts’ estimates of 93 cts/share, as reported by First Call (Boston). Net income fell because operating income declined within the agricultural sciences, basic...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers