Dow Reports First Quarter Results
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Go back to Dow Reports First Quarter Results
May 2, 2016 9:13 AM EDT
Jefferies reiterated a Hold rating on Dow Chemical (NYSE: DOW), and raised the price target to $58.00 (from $54.00), following the company's 1Q earnings report. DOW reported a $0.05 beat over forecasts, as EBITDA missed by $0.01. Jefferies cut Q2 EPS estimates $0.07 to $0.84 primarily to reflect more cautious assumptions... More
April 28, 2016 6:46 AM EDT
Dow Chemical (NYSE: DOW) reported Q1 EPS of $0.89, $0.06 better than the analyst estimate of $0.83. Revenue for the quarter came in at $10.7 billion versus the consensus estimate of $10.66 billion.
Highlights and Commentary:
Volume rose 4 percent, excluding the impact of divestitures and acquisitions. Growth in North America (up 6 percent), Europe, Middle East, Africa and India (up 4 percent) and Asia Pacific (up 3 percent) more than offset a decline in Latin America (down 4 percent). Volume grew in the emerging geographies, as results in Greater China (up 5 percent) and India (up 13 percent) reflected solid...
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