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Chemical Week Magazine :: Viewpoint
The Good, The Bad, and The Ugly
1:08 PM MDT | April 10, 2009 | ROBERT WESTERVELT
First-quarter earnings reports are likely to be awful as margins and volumes remain depressed so far this year. Results at companies with quarters ending February 28 were weak (p. 10). Companies and analysts reset 2009 earnings estimates at a much lower levels after fourth-quarter results, and analysts continued to nudge estimates even lower in February and March as demand failed to return. DuPont’s first-quarter earnings are expected to fall nearly 60%, and Dow Chemical is forecast to swing to a sharp loss, according to estimates from Thomson Reuters (New...
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