Chemical Week Magazine :: CW75 Stock Performance
CW75 Stock Performance
8:40 AM MDT | April 28, 2008 | Chemical Week Editorial Staff
The CW75 Index rose 4.6% for the week ending April 22, outpacing broader market indexes and helped by a mostly positive start to the chemical industry’s first-quarter earnings season. Basic chemical shares jumped 12%, and diversified and specialty chemical stocks rose 2% and 3.3%, respectively. Ferro topped the leaders’ list because it raised first-quarter estimates to reflect strong results in its inorganic specialty division and reduced selling, general, and administrative costs. Ferro raised its estimates from 12 cts-17 cts/share including 5...
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