Investing.com - 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 Investing.com 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 and are trading at $37.47 , down-from-52-week-high.They are under-performing the Dow 30 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 Thursday, April 23, 2020, 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar