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Stock impact report

Dow's profit falls in line with expectations, sales beat [MarketWatch]

Dow Inc. (DOW) 
Last dow inc. earnings: 4/30 06:00 am Check Earnings Report
Company Research Source: MarketWatch
Shares of Dow Inc. slipped 0.2% in premarket trading Thursday, after the materials science company matched profit expectations but topped sales forecasts, and said it was taking further measures to strengthen its financial position amid the COVID-19 pandemic. Net income rose to $258 million, or 32 cents a share, from $208 million, or 24 cents a share, in the year-ago period. Excluding special items, adjusted EPS fell to 59 cents from 98 cents but matched the FactSet consensus. Sales fell 11.3% to $9.77 billion, amid lower local prices due to a decline in energy prices, but topped expectations of $9.71 billion. Volume fell 2%, as growth in demand for food, health and hygiene packaging; surfactants and solvents for cleaning; and coatings was more than offset by declines in polyurethanes and silicones. Dow said it was beginning to see indications of recovery from COVID-19 in China. The company is further reducing its capital expenditure target to $1.25 billion, below the 2019 target of $ Show less Read more
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