Wall Street cuts Q2 forecasts

摘要

DESPITE A smattering of profit warnings in the sector,the North American chemical industry is poised to have a decent second quarter (Q2) with healthy year-on-year gains in earnings per share.However,the outlook has suddenly become more uncertain with the re-emergence of USus60 oil and natural gas futures pushing USus7.70/mmbtu.In addition,Wall Street continues to slash profit numbers for commodity chemical companies.