Dow Earnings, Revenue Beat in Q4

Investing.com – Dow reported on Wednesday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.

Dow announced earnings per share of $0.78 on revenue of $10.20B. Analysts polled by Investing.com anticipated EPS of $0.74 on revenue of $10.08B. That with comparison to EPS of $0.93 on revenue of $11.98B in the same period a year before. Dow had reported EPS of $0.91 on revenue of $10.76B in the previous quarter. Analysts are expecting EPS of $0.89 and revenue of $10.87B in the upcoming quarter.

Dow shares are down 13.83% from the beginning of the year and are trading at $47.16 , still down 22.08% from its 52 week high of $60.52 set on April 4, 2019. They are under-performing the S&P Global 100 which is down 0% year to date.

Dow follows other major Basic Materials sector earnings this month

Dow’s report follows an earnings beat by Air Products on Friday, who reported EPS of $2.14 on revenue of $2.25B, compared to forecasts EPS of $2.1 on revenue of $2.29B.

PPG Industries had missed expectations on January 16 with fourth quarter EPS of $1.31 on revenue of $3.67B, compared to forecast for EPS of $1.34 on revenue of $3.67B.

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

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