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Analysts Expect Weaker Second-Quarter Earnings
7:40 AM MDT | July 17, 2012 | Vincent Valk
Analysts expect second-quarter earnings at chemical companies to be in line with expectations, albeit on the weaker side. “We expect Q2 earnings will be down 2% compared to a year ago, but improve by 3% sequentially. Among the headwinds are the European recession and the Asian slowdown,” says Frank Mitsch, analyst with Wells Fargo (New York). “Earnings should be in line in most cases, mostly due to consensus drifting lower in recent weeks,” says Laurence Alexander, analyst with Jefferies & Company (New York). The U.S. has been...
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