Dow Chemical beats Street 2Q forecasts
MIDLAND, Mich. (AP) — Dow Chemical Co. (DOW) on Thursday reported second-quarter earnings of $1.32 billion.
On a per-share basis, the Midland, Michigan-based company said it had profit of $1.07. Earnings, adjusted for non-recurring costs, came to $1.08 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The specialty chemicals maker posted revenue of $13.83 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $13.65 billion.
Dow Chemical shares have risen 16 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 11 percent. The stock has increased 24 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 https://www.zacks.com/ap/DOW
Keywords: Dow Chemical, Earnings Report