in this issue
Regions :: North America
Lower Costs Lift Basic and Diversified Chemical Earnings
2:02 PM MDT | July 25, 2007 | Kerri Walsh with Michelle Bryner
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?
Not an IHS Chemical Week member yet?
Here's why you should be: