Dow Chemical Q3 Profit Rises, Yet Misses Estimate - Quick Facts

(RTTNews) - Dow Chemical Co. (DOW) posted rises in third-quarter net income available for common stockholders to $594 million or $0.49 per share, from $497 million or $0.42 per share in the same quarter last year.

Adjusted net income for the latest-quarter was $0.50 per share. Analysts polled by Thomson Reuters expected the company to report earnings of $0.54 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter rose to $13.73 billion from $13.64 billion in the prior year quarter. Thirteen analysts had consensus revenue estimate of $14.00 billion for the quarter.

Volume declined 2 percent, or 1 percent excluding the impact of divestitures. Volume gains were reported in Electronic and Functional Materials (up 6 percent) and Coatings and Infrastructure Solutions and Agricultural Sciences (each up 5 percent). This growth was offset by lower volume in other operating segments, led by Feedstocks and Energy.