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Dow Corning Corp Reports Q4 Net Income Of $260 Mln Vs $251 Mln Last Year

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Dow Corning Corp (GLW: Quote) Friday reported fourth quarter net income of $260 million, 3% higher than net income of $251 million reported for the corresponding quarter last year.

Adjusted net income for the quarter, excluding special items, however, declined 53% to $76.8 million from $164 million reported for the same period last year.

Sales for the fourth quarter declined 4% to $1.52 billion from $1.58 billion reported last year.

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by RTT Staff Writer

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European stocks are seen flat to slightly lower on Thursday amid a lack of cues to sustain two days of gains. Geopolitical concerns remain and the earnings season is picking up pace, rendering investor mood cautious. In economic releases, investors eye PMI reports from major European economies and... Social networking giant Facebook, Inc. said Wednesday after the markets closed that its second quarter profit more than doubled from last year, as revenue surged 61% amid strong growth in mobile advertising. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. With traders reacting to the latest batch of earnings news, stocks fluctuated over the course of the trading day on Wednesday before eventually ending the session mixed. The Dow ended the day in the red, but the broader Nasdaq and S&P 500 managed to close in positive territory.
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