Dow Inc. (NYSE:DOW) is a material science company, providing a world-class portfolio of advanced, sustainable and leading-edge products.
Earnings
Dow’s adjusted earnings were 91 cents per share for the third quarter. The figure surpassed the Zacks Consensus Estimate of 72 cents.
Revenues
Dow posted revenues of $10,764 million. It beat the Zacks Consensus Estimate of $10,707.6 million.
Estimate Trend
Investors should note that the earnings estimate for Dow for the third quarter have been stable over the past month.
Key Stats/Developments to Note
Dow completed $1.365 billion cost synergy program and removed $40 million of stranded costs in the third quarter. It also returned $0.6 billion to shareholders in the quarter through dividend and share repurchase.
Zacks Rank
Dow currently has a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
Dow’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Dow’s earnings report!
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Dow Inc. (DOW): Free Stock Analysis Report
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Zacks Investment Research