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When is a 97% drop in profit not necessarily a bad thing? Well, when the company still manages to top expectations of course. This unlikely scenario has unfolded for Michigan-based chemical firm Dow Chemical (NYSE: DOW).

Let's deal with the 97% profit drop first. This massive fall was triggered by falling sales, job cuts and the company's acquisition of Rohm & Haas, a specialty chemicals firm that Dow took over.

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Dow Chemical's profit drops 97% but tops expectations originally appeared on BloggingStocks on Thu, 30 Apr 2009 08:40:00 EST. Please see our terms for use of feeds.

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