RDIV - What's Going On With Chemical Giant Dow Shares Today? | Benzinga
Dow Inc (NYSE:DOW) shares are trading lower after the company reported first-quarter FY24 results.
Sales declined 9% Y/Y to $10.77 billion, beating the consensus of $10.74 billion.
Sales were up 1% sequentially, led by gains in Performance Materials & Coatings and Industrial Intermediates & Infrastructure segments.
Adjusted EPS was $0.56, above the consensus of $0.45.
Local price fell 10% year-over-year. Sequentially, local price was flat, as modest gains in EMEAI were offset by slight declines in Asia Pacific and the U.S. & Canada.
Volume increased by 1% Y/Y, reflecting gains across all regions except Europe, the Middle East, Africa , and India (EMEAI).
Operating EBIT declined to $674 million from $708 million a year ago, while the margin expanded by 30 bps to 6.3% for ...