Dow Chemical profit spikes on strong sales

By @ibtimes on

Dow Chemical Co, the largest U.S. chemical maker, posted a higher fourth-quarter profit as sales rose in nearly all segments.

Net income rose to $426 million, or 37 cents per share, compared with $87 million, or 8 cents per share, in the year-earlier period.

Excluding one-time items, Dow posted profit of 47 cents per share.

Analysts expected earnings of 35 cents per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the numbers were comparable.

Revenue rose 11 percent to $13.77 billion. Analysts expected $12.48 billion.

(Reporting by Ernest Scheyder; Editing by Derek Caney)

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