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Dow Earnings Miss, Revenue Beats In Q2

Published 07/23/2020, 06:20 AM
Updated 07/23/2020, 06:20 AM
© Reuters.  Dow Earnings Miss, Revenue Beats In Q2

© Reuters. Dow Earnings Miss, Revenue Beats In Q2

Investing.com - Dow reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Dow announced earnings per share of $-0.26 on revenue of $8.35B. Analysts polled by Investing.com anticipated EPS of $-0.23 on revenue of $8.05B.

Dow shares are down 18% from the beginning of the year , still down 21.17% from its 52 week high of $56.25 set on November 11, 2019. They are under-performing the Dow Jones which is down 5.37% from the start of the year.

Dow follows other major Basic Materials sector earnings this month

Dow's report follows an earnings beat by Air Products on Thursday, who reported EPS of $2.01 on revenue of $2.07B, compared to forecasts EPS of $1.98 on revenue of $2.07B.

PPG Industries had beat expectations on July 16 with second quarter EPS of $0.99 on revenue of $3.02B, compared to forecast for EPS of $0.7 on revenue of $2.81B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Latest comments

Wow, that's a surprise. The demand for industrial and consumer goods is falling off the cliff, who would have thought that upstream raw materials would enter into a heavy storm
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