Dow reported on Thursday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Dow announced earnings per share of $0.59 on revenue of $9.77B. Analysts polled by anticipated EPS of $0.59 on revenue of $9.74B. That with comparison to EPS of $0.98 on revenue of $10.77B in the same period a year before. Dow had reported EPS of $0.78 on revenue of $10.2B in the previous quarter. Analysts are expecting EPS of $0.39 and revenue of $9.4B in the upcoming quarter.
Dow shares are down 31% from the beginning of the year , still down 34.81% from its 52 week high of $57.48 set on May 1, 2019. They are under-performing the {{169|DoDow0}} which is down 13.98% year to date.
Dow follows other major Basic Materials sector earnings this month
Dow's report follows an earnings missed by Air Products on April 23, who reported EPS of $2.04 on revenue of $2.22B, compared to forecasts EPS of $2.08 on revenue of $2.16B.
Sherwin-Williams had beat expectations on Wednesday with first quarter EPS of $4.08 on revenue of $4.15B, compared to forecast for EPS of $3.92 on revenue of $4.13B.
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