Dow Inc. shares rose 1.9% in pre-conference trading, rising for the ninth consecutive session, as the chemical company announced earnings and sales that exceeded estimates,.
Net income rose to $ 1.57 billion, or $ 2.11 a share, from $ 991 million, or $ 1.32 a share, a year ago.
Excluding extraordinary items, adjusted earnings per share stood at $ 2.34 versus estimates at $ 2.07.
Sales rose 28.5 percent to $ 15.26 billion, well above estimates at $ 14.52 billion.
The increase in sales exceeded the increase of 23.3% of the cost of sales, to 12.40 billion dollars.
Volumes rose 3%, cash flow reached $ 1.3 billion and the company announced that it had purchased $ 600 million worth of treasury shares during the quarter.
Source: Capital
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