The Dow Chemical Company (NYSE: DOW) fell into the red abyss

The Dow Chemical Co. shares lost more than 5%

In brief: The Dow Chemical Company (NYSE: DOW) quarterly profit was below analysts' forecasts. Bears began to attack.

The Dow Chemical Company (NYSE: DOW) was 28.33 points yesterday. Bad reports and Dow Chemical lower profit decreased interest in buying. Pre-market closed at 26.69, The Dow Chemical Company shares lost -5.79%.

The largest U.S. chemical company Dow Chemical published data on profits in the second quarter were below analysts’ forecasts due to lower demand for chemical fertilizers and plant protection products in North America and Europe, due to weather conditions. It is reported that net profit Dow Chemical Company was $ 651 million, or 50 cents a share, compared with a net loss of $ 344 million, or 47 cents a share a year earlier. This profit excluding certain items was 54 cents, up 3 cents below analysts’ forecasts. The company’s sales in the second quarter increased by 20% to $ 13.6 billion.

Anrey Torbinski
2010-08-03 13:20, Economics.

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