Dow Chemical Swings to a Profit

Dow Chemical (DOW) reported second-quarter earnings of 50 cents a share, compared with a loss of 47 cents a share in the second quarter of 2009. Sales rose 20% from a year earlier, driven by a 19% price gain, the company said in a statement. Sales increased in all operating segments and geographic areas.

Realized savings related to the acquisition of Rohm and Haas were $325 million in the quarter.

"Dow continued its earnings growth trajectory in the second quarter, with double-digit sales gains, continued progress in growth synergies and above-target structural cost reductions driving higher results," said CEO Andrew N. Liveris.