Dow (DOW) Misses Q2 EPS by 26c

Dow (NYSE: DOW) reported Q2 EPS of ($0.42), $0.26 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $10.1 billion versus the consensus estimate of $10.24 billion.

OUTLOOK

"Dow's strategic actions enable us to mitigate the dynamic factors that our industry is facing. However, signs of oversupply from newer market entrants who are exporting to various regions at anti-competitive economics require broader industry engagement and additional regulatory action to restore competitive dynamics," said Fitterling. "The commissioning of our near-term growth projects, which are all operational in the third quarter, paired with our longer-term strategic investments, will increase Dow's position in higher-value applications and attractive end markets that are not exposed to this same level of anti-competitive activity. This will enable more resilient earnings and leading shareholder returns. Additionally, Team Dow is focused on structurally improving our cost base, optimizing our global asset footprint, and maintaining our track record of operational excellence to further strengthen our competitive advantages."

For earnings history and earnings-related data on Dow (DOW) click here.

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