logo
  Join        Login             Stock Quote

Dow Chemical (DOW) Q4 Profit Misses Street

 January 31, 2013 08:05 AM
 


(By Mani) Dow Chemical Co. (NYSE: DOW) reported fourth-quarter earnings that trailed estimates on weak sales from feedstocks and energy, and performance materials. In addition, restructuring charges totaling $986 million led the company to report a wider loss for the October to December period.

Dow Chemical reported a net loss of $716 million, or 61 cents a share, compared to a loss of $20 million, or 2 cents a share, in the fourth-quarter of 2011.

Excluding items, adjusted earnings per share rose to 33 cents from 25 cents, but lagged the 34 cents consensus view of sixteen Wall Street analysts polled by Thomson Reuters.

Sales for the quarter were $13.9 billion, down 1 percent versus the year-ago period. Street estimated revenue of $13.70 billion.

Agricultural Sciences sales grew 17 percent, with increases were reported in Electronic and Functional Materials . These increases were more than offset by declines in Feedstocks and Energy (down 9 percent) and Performance Materials (down 5 percent).

Volume was flat for the quarter, as a 5 percent decline in Western Europe offset volume growth in Asia Pacific (up 5 percent) and North America and Latin America (each up 1 percent). Excluding Dow's Feedstocks and Energy operating segment, volume in North America increased 7 percent, reflecting improving demand.

"The second half of 2012 saw significant deterioration in the markets we serve, particularly in China," said Andrew Liveris, Dow's chairman and chief executive officer, in a statement.

Cash flow from operations was $1.6 billion for the quarter, bringing full-year cash flow from operations to $4.1 billion.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageGreek Voters Say No, Yanis Varoufakis Says Bye—What Next?

Sunday’s referendum didn’t change much for Greece: It is still in limbo, and it is still too small to upend read on...

article imageIs a Bullish Reversal Brewing for Bond Fund TLT

With stocks testing support and threatening a possible breakdown (reversal), US Treasury prices (measured read on...

article imageIn A World Of Artificial Liquidity – Cash Is King

It's more crucial now than ever for people to consider extracting a portion of cash from their bank read on...

article imageDid The IMF Provide Support To Syriza?

The IMF published yesterday a preliminary analysis on the debt sustainability of the Greek read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.