Dow Chemical Co, the largest US chemical maker by revenue, posted second-quarter earnings that beat analysts' estimates after improved transportation and packaging demand helped its plastics unit.
Net income rose to $1.87 a share from 55 cents a year earlier, Midland, Michigan-based Dow said on Thursday in a statement. Excluding a payment that followed the resolution of arbitration with Petrochemical Industries Co of Kuwait, earnings were 64 cents, beating the 62-cent average of 17 estimates compiled by Bloomberg.
Revenue was little changed at $14.6 billion, topping the $14.5 billion average of 12 estimates.
