the republic logo

Dow Chemical tops 2Q net income expectations, misses revenue forecasts

bug
Share/Save/Bookmark

MIDLAND, Michigan — Dow Chemical Co. (DOW) on Thursday reported second-quarter profit of $1.22 billion.

On a per-share basis, the Midland, Michigan-based company said it had net income of 97 cents. Earnings, adjusted for non-recurring gains, came to 91 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The specialty chemicals maker posted revenue of $12.91 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $13.11 billion.

Dow Chemical shares have risen almost 10 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 3 percent. The stock has decreased roughly 5 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOW at http://www.zacks.com/ap/DOW

_____

Keywords: Dow Chemical, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.