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Dow Chemical Sinks To Q4 Loss - Quick Facts

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2/2/2012 7:16 AM ET

The Dow Chemical Co. (DOW: Quote) posted Thursday a fourth-quarter loss of $20 million, or a loss of $0.02 per share, compared to last year's profit of $426 million, or $0.37 per share. Adjusted earnings fell to $289 million, or $0.25 per share, from $538 million, or $0.47 per share, a year ago.

Fifteen analysts polled by Thomson Reuters estimated earnings of $0.30 per share. Analysts' estimates usually exclude special items.

Revenues for the quarter edged up to $14.10 billion from the prior-year's $13.77 billion, or $13.136 billion excluding divestitures. The results reflect all-round growth on a geographic basis, and improvement in all segments except Electronic and Functional Materials. Twelve analysts polled by Thomson Reuters estimated revenues of $14.19 billion.

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by RTT Staff Writer

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Editors Pick
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
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