NEW YORK (TheStreet) -- Shares of The Dow Chemical Co. (DOW) - Get Report are climbing, higher by 0.96% to $50.50 in midday trading Thursday after the company reported better than expected first quarter earnings earlier this morning.

The company's focus on high-margin businesses helped balance the impact of a strong dollar, Reuters reports.

Dow Chemical posted first quarter profit of 84 cents per share, topping the consensus estimate of 76 cents, according to analysts polled by Thomson Reuters.

The largest U.S. chemical maker said revenue for the quarter came in at $12.37 billion, missing the $13.04 billion analysts on average had expected 

Midland, MI-based Dow Chemical operates as an integrated science and technology company. It is a worldwide manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services.

The company serves various industries, including appliance, automotive, agricultural, building and construction, chemical processing, electronics, and water treatment.

Insight from TheStreet's Research Team:

Dow Chemical is a core holding of Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. In a recent alert, here is a snippet of what Jim Cramer, Portfolio Manager and Jack Mohr, Director of Research - Action Alerts PLUS had to say about the stock:

CEO Andrew Liveris noted within the release that despite geopolitical and economic uncertainty in 2015, the company remains in good position to execute on current growth plans and increasingly reward shareholders.

We are very excited by the results and will be back with more detailed commentary following the call.

- Jim Cramer and Jack Mohr, 'Dow Chemical Easily Tops EPS Estimates' originally published 4/23/2015 on ActionAlertsPLUS.com.

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Separately, TheStreet Ratings team rates DOW CHEMICAL as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate DOW CHEMICAL (DOW) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

You can view the full analysis from the report here: DOW Ratings Report