Dow Chemical jumped nearly 6% in morning trading as its sales rise above expectations.
Its Net income rose to $1.74 billion, or $2.32 a share, from $1.24 billion, or $1.65 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share was $2.15, above the FactSet consensus of $2.03. Sales grew 34.2% to $14.36 billion, outpacing the 28.9% rise in cost of sales to $11.78 billion. Local price increased 39% from a year ago.
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