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ROH 4Q Profit Down

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February 09, 2009 | Comment(s): 0
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ROH

Rohm and Haas Co's (ROH) fourth-quarter profit took a dive in the face of the ongoing recession.

The chemical maker's earnings for the fourth quarter stood at 69 cents a share, down from the previous year's 91 cents a share. Analysts had projected a profit of 60 cents a share. Sales fell 13% to $2.03 billion.

ROH is currently caught up in a merger dispute with suitor Dow Chemical Co.

Shares of the Zacks #4 Rank ("Sell") company are down approximately 1.5% today.

Read the full analyst report on ROH

 

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