Dow Chemical Co (DOW) reported fourth-quarter net income available for Dow Chemical common shareholders of $87 million or $0.08 per share, compared to net loss available for Dow Chemical shareholders of $1.55 billion or $1.68 per share last year.
Before preferred stock dividends, the company's fourth-quarter profit totaled $172 million.
Earnings per share excluding Certain Items and Discontinued Operations were $0.18, compared to loss per share excluding Certain Items and Discontinued Operations of $0.63 in the prior year quarter.
On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.11 per share. Analysts' estimates typically exclude special items.
Net sales grew to $12.47 billion from $10.85 billion in the same quarter a year earlier.
Seven analysts estimated revenues of $11.81 billion.
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