Dow beats Q3 adjusted profit estimates on cost savings and price increases
DOW Dow Inc
$30.38 -1.01%
View chart & analysis → - 1Dow Inc's Q3 adjusted profit exceeded Wall Street expectations due to cost-cutting measures and price increases driven by supply shortages from Middle East conflicts.
- 2Dow's adjusted earnings per share of 71 cents for the quarter ended September 30 was higher than the analysts' average adjusted earnings per share estimate of 64 cents for the quarter ended September 30.
- 3Dow's Packaging and Specialty Plastics segment net sales of 5.8 billion dollars for Q3 represents an increase of more than 18% compared to the segment's Q3 net sales.
So what's the key point?
Dow Inc earned more money than experts expected by reducing costs and raising product prices. The earnings per share reached 71 cents, surpassing market expectations.
Source Reuters +1 · View original ↗
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