| Materials |
Market News
Dow Chemical (DOW)
Dow Chemical reported Q3 earnings per share of $0.63 on net income of $12.05 billion versus $0.46 per share on net income of $15.37 billion in the year ago period.
Andrew N. Liveris, Dow's chairman and chief executive officer, stated:
"Dow once again delivered stronger sequential earnings due to our focus on
aggressive price/volume management, accelerating cost reductions, especially
with the Rohm and Haas integration, plus benefiting from our global presence
with volume gains in emerging geographies. In addition, we are seeing pockets
of volume growth in certain businesses versus the prior quarter, primarily in
Advanced Materials, Performance Products and Performance Systems, which have
benefited from the beginnings of a global economic recovery. Consistent with
our focus on execution, immediately following the close of the quarter we also
accomplished a key objective by completing the sale of Morton Salt and fully
paying off our bridge loan related to the Rohm and Haas acquisition well ahead
of schedule, improving the Company's financial flexibility and further
deleveraging our balance sheet."
Oct 22 · 12:31:00 PM · Source: Press Release
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
du Pont (DD)
Du Pont announced Q3 earnings of $0.45 per share on net income of $409 million versus earnings of $0.40 per share on net income of $367 in the year ago period.
The prior year included a $146 million after-tax hurricane-related charge. Net income reflects the benefit of significantly lower costs, partly offset by lower sales volume.
Oct 22 · 12:14:00 PM · Source: Press Release
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
du Pont (DD)
DuPont announced that it has declared a Q4 common stock dividend of $0.41 per share, payable December 14, to stockholders of record November 13.
This dividend is the same as what was paid in Q3 2009. Regular quarterly dividends of $1.12-1/2 per share on the $4.50 series preferred stock and $0.87-1/2 per share on the $3.50 series preferred stock also were declared, both payable January 10, 2010 to stockholders of record January 8, 2010.
Oct 21 · 12:38:00 PM · Source: Reuters
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
du Pont (DD)
DuPont reported earnings for the quarter of $0.45 per share on net profits of $409 million versus $0.40 per share on profits of $367 million in the year ago period.
Revenue was down 18% from $7.29 billion to $5.96 billion versus analyst estimates of $6.14 billion. Revenue fell across all five of the company's segments, including its safety & protection unit, which makes the Kevlar vest.
Oct 20 · 11:21:00 AM · Source: CNBC
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
PPG Industries (PPG)
PPG Industries (NYSE:PPG) today reported sales for the third quarter of $3.2 billion, a decline of 24 percent versus the prior year’s third quarter including a 5 percent decline resulting from a business divestiture in 2008. The company reported net income of $159 million, or 96 cents per share. Adjusted net income was $161 million, or 97 cents per share. Third quarter 2008 sales were $4.2 billion, reported net income was $117 million, or 70 cents per share, and adjusted net income was $227 million, or $1.37 per share.
Earnings beat estimates but company predicts dip later in year.
Oct 15 · 10:54:00 AM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Previous · Next
Advertisement