Tags: Dow | Chemical | Profit | sales

Dow Chemical Profit Rises as Agriculture Sales Gain

Thursday, 27 Oct 2011 07:12 AM

Dow Chemical says its third-quarter earnings jumped 59 percent on higher prices and double-digit sales gains in almost all its business segments.

The Midland, Mich. company said Thursday its net income jumped to $815 million, or 69 cents per share, compared with $512 million, or 45 cents per share, a year earlier. Excluding one-time items, earnings were 62 cents per share.

Revenue rose 17 percent to $15.11 billion. Sales volume was flat, as decreases in North America were offset by improvements in Latin America and Asia.

FactSet says analysts expected adjusted earnings of 63 cents per share on $14.63 billion in sales.

Dow Chemical Co. says the biggest revenue gains were in its feedstock and energy unit as well as its agricultural sciences division. Geographically, sales grew the most in Latin America.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Companies
Dow Chemical says its third-quarter earnings jumped 59 percent on higher prices and double-digit sales gains in almost all its business segments. The Midland, Mich. company said Thursday its net income jumped to $815 million, or 69 cents per share, compared with $512...
Dow,Chemical,Profit,sales
132
2011-12-27
Thursday, 27 Oct 2011 07:12 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved