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Dow Chemical (DOW) Revenue Soars 48%

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Dow Chemical DOW Revenue Soars 48%

Dow Chemical Company (NYSE: DOW) released financial results on Wednesday morning that easily beat Wall Street estimates.

Dow Chemical Company reported 1st quarter earnings surged to $466 million, or 41 cents per share, up from $24 million, or 3 cents per share, a year earlier.

Excluding special items, Dow Chemical Company reported earnings of 43 cents per share.

Dow Chemical Company's revenue jumped 48% to $13.42 billion, up from $9.04 billion a year earlier.

According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 30 cents per share.

The stellar results at Dow Chemical Company were attributed to price increases and demand growth.

Posted-In: Thomson ReutersEarnings News Markets

 

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