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Commodity, diversified makers report a solid second quarter

7:44 AM MDT | August 4, 2014 | —CW Staff

Most commodity and diversified chemical makers have turned in solid results for the second quarter, the combined result of improving demand and productivity gains. Dow Chemical reports adjusted earnings of 74 cts/share, up 16% year-on-year (YOY) and ahead of the 72 cts/share analyst consensus compiled by Thomson Reuters (New York). Second-quarter net income totaled $882 million, down 62% from the year-ago quarter, which was inflated by $2.2-billion in proceeds from the K-Dow arbitration resolution. Sales were up 2% YOY, to $14.9 billion, with gains in all...

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