The Dow Chemical Co. said Thursday it had net income of $888 million, or 72 cents a share, up from $169 million, or 15 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.04, ahead of the FactSet consensus of 99 cents. Sales rose to $13.230 billion from $10.703 billion, also ahead of the FactSet consensus of $12.454 billion. “The global economy is showing signs of positive momentum, with excellent leading indicators across much of the world — though geopolitical risks and volatility will persist,” Chief Executive Andrew Liveris said in a statement. Shares rose 1.4% premarket, and are up 12.4% in 2017, while the S&P 500 has gained 6.6% and the Dow Jones Industrial Average has gained 6%.
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