Dow Gets Lift From Emerging Markets
Dow Chemical swung to a profit in the fourth quarter as sales rose 15% and volumes increased in emerging markets.
MIDLAND, Mich. (
) --
Dow Chemical
(DOW) - Get Report
swung to a profit in the fourth quarter as sales rose 15% and volumes increased in emerging markets.
Dow Chemical's earnings of 18 cents a share, excluding items, topped the expectations of analysts surveyed by Thomson Reuters of 11 cents a share. A year earlier, on the same basis, Dow reported a loss of 63 cents a share.
Dow Chemical said sales rose 15% to $12.5 billion. Analysts expected sales of $11.8 billion.
Dow Chemical said quarterly volume on a pro forma basis increased 33% in emerging geographies from a year earlier. Volumes fell 1% in North America.
-- Reported by Joseph Woelfel in New York.
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