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Dow Chemical Posts Unexpected Loss After Plastics Sales Drop

February 03, 2012



Feb. 2 (Bloomberg) — Dow Chemical Co., the largest U.S. chemical maker, posted an unexpected fourth-quarter loss after sales at its plastics unit fell.

The net loss was $20 million, or 2 cents a share, compared with net income of $426 million, or 37 cents, a year earlier, Midland, Michigan-based Dow said today in a statement. The average of five analysts’ estimates compiled by Bloomberg was for net income of 32 cents a share. Revenue rose to $14.1 billion from $13.8 billion.



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