Dow Sales Down On China Demand, Sherwin EPS Misses
Dow Chemical (DOW) shares fell 6% intraday Thursday after the chemical giant reported profit below analyst estimates on weak demand from China and Europe. Sherwin-Williams' (SHW) profit also missed views. Highly rated Eastman Chemical (EMN) and Cytec (CYT) report after the close Thursday. Dow Chemical said Q4 EPS rose 32% to 33 cents, but missed analyst estimates by a penny. Sales fell 1.4% to $13.9 billion, above estimates of $13.7 billion.