Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
Dow Inc. DOW, -1.53% reported third-quarter profit and sales that fell from a year ago, amid slower global macroeconomic activity, but managed to beat expectations. Shares of the specialty chemicals company were still inactive in the premarket. Net income declined to $302 million, or 42 cents a share, from $739 million, or $1.02 a share, in the year-ago period. Excluding nonrecurring items, adjusted EPS of 48 cents beat the FactSet consensus of 44 cents. Sales 24% to $10.
Packaging and specialty plastics sales fell 25.6% to $5.45 billion, industrial intermediates and infrastructure sales were down 25.2% to $3.04 billion and performance materials and coatings sales declined 19.7% to $2.13 billion. “Despite higher sequential feedstock costs, we continued to implement targeted actions to deliver $1 billion in cost savings in 2023,” said Chief Executive Jim Fitterling. Dow’s stock has dropped 8.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Here are Monday's biggest analyst calls: Apple, Amazon, Meta, Utz, Roku, Walgreens, Spotify & moreHere are the biggest calls on Wall Street on Monday.
Weiterlesen »
Wall Street week ahead: Amazon, Microsoft, Boeing earnings and rising bond yieldsInvestors are staring down a big week for corporate earnings with reports due from Amazon, Microsoft and Google, as well as Ford and GM with the UAW strike against the automakers dragging on.
Weiterlesen »
Stock futures edge higher on Sunday night as Wall Street awaits big tech earnings: Live updatesStock futures ticked higher on Sunday night, ahead of a big week of earnings reports and key economic data releases.
Weiterlesen »
Stock futures edge higher on Sunday night as Wall Street awaits big tech earnings: Live updatesStock futures ticked higher on Sunday night, ahead of a big week of earnings reports and key economic data releases.
Weiterlesen »
Wall Street rises as 10-year Treasury yield retreats below 5%Wall Street rises as 10-year Treasury yield retreats below 5%
Weiterlesen »
Wall Street drifts as stocks continue to follow the bond market's leadWall Street is drifting in mixed trading, continuing a months-long run where it’s followed the cue of the bond market.
Weiterlesen »