Dow Inc.: 2Q Earnings Snapshot
MIDLAND, Mich. (AP) _ Dow Inc. (DOW) on Thursday reported a second-quarter loss of $225 million, after reporting a profit in the same period a year earlier.
The Midland, Michigan-based company said it had a loss of 31 cents per share. Losses, adjusted for one-time gains and costs, were 26 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.
The materials science posted revenue of $8.35 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $7.96 billion.
Dow Inc. shares have decreased 19% since the beginning of the year, while the Standard & Poor’s 500 index has risen slightly more than 1%. The stock has dropped 13% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOW at https://www.zacks.com/ap/DOW