UPDATE: Dow Chemical Reports 73% Surge In Q2 Profit

Dow Chemical Co DOW reported a 73% rise in its second-quarter profit. The company's quarterly net income surged to $982 million, or $0.84 per share, from $566 million, or $0.50 per share, in the year-ago period. Its revenue climbed 18% to $16.05 billion. However, analysts were expecting earnings of $0.79 per share on revenue of $14.75 billion. DOW shares gained 1.28% to $36.31 in pre-market trading.