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R&H Announces Earnings Estimates; Lays Off 200 Employees in North America

8:36 AM MDT | July 30, 2007 | Michelle Bryner with Kate Phillips

Rohm and Haas (R&H) says it expects fourth-quarter earnings from continuing operations to be 75 cts–79 cts/share, excluding restructuring charges. The consensus of analysts’ estimates was for 80 cts/share, as reported by First Call (Boston). The shortfall results from a 7-cts/share decrease in earnings from the salt business because of warmer-than-average weather in November and December. R&H’s total earnings were 79 cts/share in the year-ago quarter, excluding a 20-cts/share charge related to restructuring and asset impairment charges...

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