Dow Inc.: 4Q Earnings Snapshot
MIDLAND, Mich. (AP) _ Dow Inc. (DOW) on Thursday reported fourth-quarter net income of $1.24 billion, after reporting a loss in the same period a year earlier.
On a per-share basis, the Midland, Michigan-based company said it had net income of $1.65. Earnings, adjusted for non-recurring gains, were 81 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The materials science posted revenue of $10.71 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $9.9 billion.
Dow Inc. shares have decreased 2% since the beginning of the year, while the Standard & Poor’s 500 index has stayed nearly flat. The stock has increased 15% in the last 12 months.