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Summary Box: Dow Chemical's 1Q profit drops

Thursday - 4/26/2012, 2:24pm  ET

By The Associated Press

(AP) - BY THE NUMBERS: Dow Chemical's first-quarter net income fell 34 percent to $412 million, or 35 cents per share. The results included a $357 million after-tax charge related to plant closures. Revenue was flat at $14.7 billion.

THE DRIVERS: Dow Chemical said that overall volume rose 3 percent, driven by agricultural products and feedstocks and energy. That was offset by flat to slightly lower volume in other business segments.

WHAT'S NEXT: Demand improved in nearly every sector in March. Dow Chemical expects that to continue in the second quarter and the rest of 2012.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)