Dow Chemical Profit Beats Estimates


Dow Chemical Tops Estimates

Earnings HQ: FBN’s Diane Macedo breaks down DOW’s first-quarter earnings report.

Dow Chemical Co's first-quarter earnings beat analysts' estimates, helped by higher demand for its seeds and crop-protection chemicals in the Americas.

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Sales at its agriculture science business, which supplies seeds, oils and farm chemicals, jumped 14% in the quarter, the highest growth among its business units.

Net income rose about 33% to $550 million, or 46 cents per share, in the first quarter from $412 million, or 35 cents per share, a year earlier.

Excluding one-time items, earnings were 69 cents per share.

Revenue fell 2% to $14.4 billion.

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Analysts on average expected earnings of 61 cents per share on revenue of $14.88 billion, according to Thomson Reuters I/B/E/S.