The Life of Cramer 215
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Dow Chemical's Profit Rises, Nonetheless Shares Decline
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Dow Chemical substance Co. said its third-quarter profit rose 17% as being the chemical company's effectiveness covers segment helped drive larger revenue and prices.
Even so, shares of the business declined since results lost his balance below expert anticipations.
Dow and other chemical substance makers are trying to cash in over a U. S. drilling increase that has placed down the associated with organic gas��one of their primary raw materials��but are enduring tepid demand, particularly within Europe.
Dow said earlier this year that this wanted to bring up $1. 5 billion more than the span of eighteen a few months by shedding off noncore companies, and that has cut work in addition to shut plants in an effort to trim expenses.
On Thurs, Fundamental Executive Andrew D. Liveris said the company will be continue with its divestiture plans, together with said typically the actions are appraised with a minimum of $3 thousand to $4 million. "The proceeds of these types of divestitures will create further potential for the company to create returns to investors, " he added.
Sooner this month, the company agreed to offer for sale the polypropylene licensing and factors business to guy chemical compounds company W. 3rd there��s r. Elegance & Co. with regard to $500 million.
In the newest interval, Dow reported a profit of $679 million, way up from $582 million a new year ago. On a good per-share basis, which components in preferred dividends, benefit rose to 49 cents from 42 cents. Eliminating restructuring costs, earnings had been 50 cents a promote in the latest time.
Netting sales edged right up 0. 7% to $13. 73 billion.
Analysts polled by means of Thomson Reuters were being ready for per-share earnings connected with fifty four cents a talk about about revenue of $14 thousand.
Performance materials department product sales shrank 3%. hedp phosphonate increased three or more. 3%, while sales throughout feedstock and energy slid 8. 7%.
Volume dropped 2%, with all important regions with the exception of Latin The usa posting reduced volume. But prices were up 3%, led simply by performance plastics and farm sciences.
Shares closed Friday at $41. 04, upwards 27% considering the start of this season.
Even so, shares of the business declined since results lost his balance below expert anticipations.
Dow and other chemical substance makers are trying to cash in over a U. S. drilling increase that has placed down the associated with organic gas��one of their primary raw materials��but are enduring tepid demand, particularly within Europe.
Dow said earlier this year that this wanted to bring up $1. 5 billion more than the span of eighteen a few months by shedding off noncore companies, and that has cut work in addition to shut plants in an effort to trim expenses.
On Thurs, Fundamental Executive Andrew D. Liveris said the company will be continue with its divestiture plans, together with said typically the actions are appraised with a minimum of $3 thousand to $4 million. "The proceeds of these types of divestitures will create further potential for the company to create returns to investors, " he added.
Sooner this month, the company agreed to offer for sale the polypropylene licensing and factors business to guy chemical compounds company W. 3rd there��s r. Elegance & Co. with regard to $500 million.
In the newest interval, Dow reported a profit of $679 million, way up from $582 million a new year ago. On a good per-share basis, which components in preferred dividends, benefit rose to 49 cents from 42 cents. Eliminating restructuring costs, earnings had been 50 cents a promote in the latest time.
Netting sales edged right up 0. 7% to $13. 73 billion.
Analysts polled by means of Thomson Reuters were being ready for per-share earnings connected with fifty four cents a talk about about revenue of $14 thousand.
Performance materials department product sales shrank 3%. hedp phosphonate increased three or more. 3%, while sales throughout feedstock and energy slid 8. 7%.
Volume dropped 2%, with all important regions with the exception of Latin The usa posting reduced volume. But prices were up 3%, led simply by performance plastics and farm sciences.
Shares closed Friday at $41. 04, upwards 27% considering the start of this season.
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