MIDLAND, Mich. (AP) Dow Chemical Co. (DOW) on Thursday reported fourth-quarter net income of $52 million.
The Midland, Michigan-based company said it had net income of 3 cents per share. Earnings, adjusted for non-recurring costs, were 99 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.
The specialty chemicals maker posted revenue of $13.02 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $12.48 billion.
For the year, the company reported profit of $4.32 billion, or $3.52 per share. Revenue was reported as $48.16 billion.
Dow Chemical shares have climbed 5 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 3 percent. The stock has risen 43 percent in the last 12 months.
