NEW YORK (TheStreet) -- Shares of Dow Chemical (DOW) - Get Report  are increasing 1.03% to $53.63 in pre-market trading this morning after the company posted better-than-expected second quarter results before Thursday's market open. 

Dow reported earnings of 95 cents per share, surpassing analysts expectations of 86 cents per share. Revenues came in at $12 billion, exceeding analysts projected $11.24 billion.

For the 2015 second quarter, the company earned 97 cents per share on revenue of $12.9 billion.

Dow shareholders recently approved the company's proposed merger with DuPont (DD). The $130 billion merger is now subject to approval from antitrust commissions, including the European Commission, which delayed its decision on the deal to August 11 from July 28.

Additionally, the company announced in December that it would assume ownership of Dow Corning

(Dow Chemical is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trial here.)

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate DOW CHEMICAL as a Buy with a ratings score of B+. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, notable return on equity and solid stock price performance. We feel its 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

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