Dow Chemical Reports Profit, Revenue Above Wall Street Expectations

By Trey WilliamsMarketsMarketWatch Pulse

Dow Chemical Co. shares rose more than 2% premarket on Thursday after the company reported third-quarter earnings above Wall Street expectations. Net income for the quarter came in at $1.03 billion, or 63 cents per share, compared with $959 million or $1.09 during the same quarter a year ago. Adjusted earnings per share were 91 cents, above FactSet's consensus of 79 cents. Sales for the quarter hit $12.48 billion, compared with $12.03 billion last year and above FactSet's $11.93 billion consensus. Dow Chief Executive Andrew Liveris said the company expects steady growth in North America and Europe to continue. Shares of Dow Chemical are up 4.4% in the year to date, just underperforming the S&P 500 Index which is up 4.7%.

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