On Thursday, Shares of The Dow Chemical Company (NYSE:DOW), lost -4.48% to $47.76.
The Dow Chemical Company stated earnings per share of $0.97, or operating earnings per share of $0.91(1). This compares with earnings of $0.73 per share in the year-ago period, or earnings of $0.74 per share on an operating basis – up 23 percent as compared to the year-ago period. Results in the quarter were influenced by a $375 million pre-tax charge, or $0.21 per share, associated with the formerly declared restructuring program, costs related to portfolio and productivity actions of $0.03 per share, and the favorable impact of $0.30 per share related to the consolidation of Univation Technologies, LLC.
Sales were $12.9 billion, down 13 percent year over year, with declines driven primarily by currency and lower oil price. Sequentially, sales grew 4 percent with gains across all geographic areas. Sales enhances were led by Greater China (up 14 percent) and the United States (up 6 percent).
The Dow Chemical Company manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments.
Shares of American Realty Capital Properties, Inc. (NASDAQ:ARCP), declined -1.15% to $8.59, during its last trading session.
American Realty Capital Properties, declared that it will transfer the listing of its common stock (“Common Stock”), par value $0.01 per share, and 6.70% Series F Cumulative Redeemable Preferred Stock (“Series F Preferred Stock”), par value $0.01 per share, from the NASDAQ Global Select Market (“NASDAQ”) to the New York Stock Exchange (“NYSE”). The Company anticipates to start trading on the NYSE on July 31, 2015. Until the opening of trading July 31, 2015, when the Company anticipates the Common Stock and Series F Preferred Stock will start to trade on the NYSE under a new, soon-to-be declared corporate name and ticker symbols, each of the Common Stock and Series F Preferred Stock will continue to trade on the NASDAQ under the ticker symbols ARCP and ARCPP, respectively.
Additionally, the Company declared that it anticipates to issue, jointly with its operating partnership, ARC Properties Operating Partnership, L.P. (the “OP”), its second quarter 2015 Quarterly Report on Form 10-Q on Thursday, August 6, 2015, and host an audio webcast on that same day at 1 p.m. Eastern Time to provide a business update and talk about financial results. The call will be conducted by Mr. Rufrano and Michael J. Sodo, ARCP’s Chief Financial Officer.
American Realty Capital Properties, Inc. owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties.
Finally, MarkWest Energy Partners, L.P. (NYSE:MWE), ended its last trade with 1.79% gain, and closed at $64.11.
MarkWest Energy Partners, declared that the Board of Directors of the General Partner of MarkWest Energy Partners, L.P., declared a cash distribution of $0.92 per common unit for the second quarter of 2015, for an implied annual rate of $3.68 per common unit. The second quarter 2015 distribution represents an enhance of $0.04 per common unit, or 4.5 percent, contrast to the second quarter 2014 distribution and an enhance of $0.01 per common unit, or 1.1 percent, contrast to the first quarter 2015 distribution.
The second quarter 2015 distribution is payable August 14, 2015, to unitholders of record on August 6, 2015. The ex-dividend date is August 4, 2015.
MarkWest Energy Partners, L.P. engages in the gathering, processing, and transportation of natural gas. The company is also involved in the gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and the gathering and transportation of crude oil.
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