Dow Chemical Earnings Trail Estimates After Demand Drops
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Dow Chemical Co., the largest U.S. chemical maker, posted fourth-quarter results that trailed analysts’ estimates after falling demand for materials used in windmills and autos contributed to lower global sales volumes.
A net loss of 2 cents a share compares with net income of 37 cents a year earlier, Midland, Michigan-based Dow said today in a statement. Profit excluding an allowance for deferred taxes in Brazil, asset-impairment costs and other one-time items was 25 cents a share, trailing the 31-cent average of 17 estimates compiled by Bloomberg.