Dow Chemical Profit Tops Estimates as Oil Helps Plastics
- CEO Liveris says lower energy costs are a `net benefit'
- Plastics business had record earnings in fourth quarter
Where Does the Dow Chemical, DuPont Merger Stand?
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Dow Chemical Co., which agreed in December to a historic merger with DuPont Co., reported better-than-expected fourth-quarter earnings after its plastics business gained from the drop in oil prices.
Profit excluding some items was 93 cents, Midland, Michigan-based Dow said in a statement Tuesday, exceeding the 69-cent average estimate of 19 analysts surveyed by Bloomberg. Sales fell to $11.5 billion from $14.4 billion, exceeding the $11.2 billion average estimate. Dow shares rose 5 percent to $44.70 at 7:09 a.m. before the start of regular trading in New York.