Pursuits
Dow Chemical Profit Tops Estimates, Helped by Oil Drop
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Dow Chemical Co., the largest U.S. chemical company, posted better-than-expected fourth-quarter earnings as lower oil and natural-gas costs helped improve margins at its plastics business.
Profit excluding some items was 85 cents a share, Midland, Michigan-based Dow said in a statement Thursday, exceeding the 70-cent average of analysts’ estimates compiled by Bloomberg. Dow rose 4.6 percent to $45.01 in New York.