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0.00805194805194811 -0.00779220779220772 0.00605194805194816 -0.00519480519480508 0.0204831168831169 0.0166233766233766 -0.0314285714285715 -0.0205194805194805
Stock impact report

Dow tops Q1 expectations despite revenue drop [Yahoo! Finance]

Dow Inc. (DOW) 
Last dow inc. earnings: 4/30 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
the chemicals group posted a net loss amid a difficult market backdrop and disruptions linked to the Middle East conflict. Shares of the company slipped 1.06% in premarket trading following the release. The company recorded an adjusted loss per share of -$0.14, outperforming expectations for a -$0.27 loss. Revenue reached $9.8 billion, exceeding analyst estimates of $9.65 billion, but declined 6% year-on-year from $10.4 billion in the same period last year. Pricing pressure weighs on performance The drop in revenue was mainly driven by a 7% fall in local pricing and a 2% decrease in volumes, partially offset by a 3% positive impact from currency movements. Operating EBIT came in at $154 million, down $76 million compared with a year earlier, largely due to lower pricing, though partly mitigated by savings from cost-cutting initiatives. The company also halted recognition of equity losses from its Sadara joint venture during the quarter after liabilities reached their carry Show less Read more
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