Beyond Europe, Dow Chemical likely saw 1Q growth
By
The Associated Press
April 26, 2012
Text size
–
+
Investors will be looking at Dow Chemical Co.'s results this morning for clues to how the global economy is faring outside of Europe, which they know is bad.
The Midland, Mich., company's is closing four plants and idling operations at a fifth plant because of the economic slowdown in Europe. As a result, it will report a $350 million charge with its results this morning.
Some of that weakness should be offset by better sales in North America and the Asia Pacific region.
The manufacturing giant produces basic materials used in an array of products from televisions and toys.
Excluding the charge, analysts expect Dow Chemical to report earnings of 59 cents per share on revenue of $14.96 billion, according to FactSet.
© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
