Dow Chemical converted last years loss into a 4Q gain.
Best penny stock newsletter reviews Dow Chemicals Fourth Quarter Acquisition.
Wall Street Grand LLC, a leading investor newsletter is pleased to announce to the investment community and Wall Street Grand members market moving news about the 4thquarter profits made by Dow Chemical Co. (NYSE:DOW). Dow Chemical trades on the “Nasdaq” under the symbol: DOW. To learn more Dow Chemical Co. (DOW), make sure to visit our exclusive website http://www.wallstreetgrand.com/.
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Dow Chemical Co.(NYSE:DOW) on Tuesday said it posted a fourth-quarter profit of $87 million and expressed guarded anticipation about a global economy that seems assertive to bounce back faster in emerging markets. Because the company's chemicals are in a vast array of products from insulation to car paint, Dow's results and outlooks can serve as a benchmark for consumer concern. The Midland, Mich., company said the quarterly profit was driven by strength in emerging markets and gains from acquisitions. Earnings elevated to $87 million, or 8 cents per share. A year ago, in the heart of the recession, Dow posted a loss of $1.55 billion, or $1.68 per share. During 2009, Dow cut jobs, button downed plants, cut its dividends and sold assets to maintain money and decrease any debts.
Dow Chemical Co. saw volume gains across nearly all operating divisions in the fourth quarter. The best-performing divisions were health and agricultural sciences, basic chemicals and performance products. Emerging markets delivered a 33% volume advancement. Regionally, China led the way with a 60% growth in volume, while India and Russia each upgraded volume by 30%.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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