Dow Chemical Co Announces 28% Advance In Q1 Earnings

(RTTNews) - Dow Chemical Co (DOW) reported a profit for its first quarter that gained ground from last year.

The company said its bottom line climbed to $1.27 billion, or $1.04 per share. This was up from $993 million, or $0.89 per share, in last year's first quarter.

Analysts had expected the company to earn $0.99 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.6% to $11.94 billion. This was up from $10.70 billion last year.

Dow Chemical Co earnings at a glance:

-Earnings (Q1): $1.27 Bln. vs. $993 Mln. last year. -Earnings Growth (Y-o-Y): 27.9% -EPS (Q1): $1.04 vs. $0.89 last year. -EPS Growth (Y-o-Y): 16.9% -Analysts Estimate: $0.99 -Revenue (Q1): $11.94 Bln vs. $10.70 Bln last year. -Revenue Change (Y-o-Y): 11.6%