Dow Chemical sees ‘near-term’ EPS of $3.50 to $5.50

MIDLAND, Mich., Nov 1 (BestGrowthStock) – Dow Chemical (DOW.N: )
expects to earn $3.50 to $5.50 per share in the “near term,”
suggesting a possible widening from a 2012 earnings target of
$4 to $4.50 per share the largest U.S. chemical maker gave last
year.

The company, which bought rival specialty chemicals maker
Rohm & Haas last year for more than $15 billion in a highly
leveraged deal, insisted, though, that its growth expectations
have not changed.

“This time a year ago we were coming out of the Rohm & Haas
acquisition. It was very important we put a stake in the
ground, and we did,” Dow Chief Executive Andrew Liveris told
Reuters in an interview. “Today we didn’t change anything.”

Liveris said the phrase “near term” was used to stay within
regulatory parameters spelled out by the U.S. Securities and
Exchange Commission. “We really don’t want to be out there with
a 2012 number and then be hit by the SEC,” he said.
(Reporting by Ernest Scheyder, editing by Matthew Lewis)

Dow Chemical sees ‘near-term’ EPS of $3.50 to $5.50