Bleak Macro-economic Conditions Cause Dow’s Profit To FallVW Staff
The Dow Chemical Company (NYSE:DOW), the world’s second biggest producer of chemicals, reported second quarter results that missed estimates for both earnings and revenues. Earnings were lower by 31% compared to the previous year, due to slowing demand around the world and pricing pressures.
"World economic activity saw marked deterioration throughout the second quarter, driven primarily by Europe's persistent recessionary conditions. Activity in China and elsewhere . . .
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