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    Home > Coatings News > Paints and Coatings Market > Dow Chemical: Third-quarter revenue increased year-on-year earnings exceeded expectations.

    Dow Chemical: Third-quarter revenue increased year-on-year earnings exceeded expectations.

    • Last Update: 2020-09-02
    • Source: Internet
    • Author: User
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    Beijing time on the evening of October 27, according to the U.S. financial website MarketWatch, Dow Chemical Company today reported that the company's latest quarter revenue increased year-on-year, mainly due to the growth of its agricultural sector.
    shares rose after the company's earnings report.
    Chief Executive Andrew Liveris on Thursday gave an upbeat outlook for the company's business environment, noting that both its North American and European markets continued to achieve "stable" growth.
    agriculture sector rose 5.8 per cent year-on-year to $1.24 billion, mainly due to higher sales and pricing. So far this year, sales in the division have grown 6.7 per cent year-on-year. Sales of plastic products edged up 0.8 per cent to $4.7bn, while sales in the high-performance materials and chemicals division fell 25 per cent year-on-year to $2.38bn, largely due to the company's divestiture of its Dow Products division.
    overall, Dow Chemical reported net income of $804 million, or 62 cents per share, for the quarter ended Sept. Adjusted earnings per share for the quarter were 91 cents, up from 82 cents a year earlier and above analysts' expectations. Analysts on average had expected earnings of 79 cents per share, according to a Thomson Reuters poll.
    ended the quarter up 3.7 per cent year-on-year to $12.48bn.
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