Overseas Sales Offset Weak U.S.

Third-quarter earnings were mixed for chemical companies listed in the CW100. Strong overseas demand in the quarter offset a weak North American market, chemical firms say. Higher oil, gas, and raw materials costs weighed on margins in the quarter, however, producers say. Dow Chemical’s net income fell 21%, to $403 million (42 cts/share), including $362 million in charges resulting from a change in German tax law as well as R&D expenditures. Earnings were 84 cts/share excluding the charges, and fell short of First Call’s (Boston) consensus...

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