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Dow Chemical's second-quarter profit and sales exceeded expectations, local product prices rose 16%

 Last Update: 2022-08-16
 Source: Internet
 Author: User

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On July 21, chemical and specialty materials company Dow Company (DOW) reported second-quarter profit and sales that beat expectations as higher selling prices helped it offset COVID-19-related lockdowns, logistics restrictions and energy and Rising raw material cos.

Dow's net income fell to $68 billion from $93 billion a year earlier, and earnings per share fell to $26 from $5 During the same period, the company's domestic market product prices rose 16%, and all market segments, business units and regions increased product pric.

Operating profit per share was $31, beating the consensus estimate of $1 Sales revenue rose 18% year-on-year to $166 billion, beating market expectations of $155 billi.

Cost of sales increased by 21%, outpacing the growth rate of sales reven.

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